11:53 am ConAgra reports in-line Q4, plans to exit Private Brands operations
ConAgra (CAG 44.13, +0.69) is trading about 1.6% higher on today's session following the company's mostly in-line fourth quarter. In the period, CAG reported in-line earnings per share (EPS) of $0.59 on revenues which were also in-line at $4.1 billion. In addition, the company noted that it plans to exit the private label business.
In Q4, CAG reported revenues which rose 3.7% on a year-over-year basis to $4.1 billion. The Consumer Foods Segment posted sales of about $1.9 billion - up 4.5% …More