ConAgra Foods Inc. (CAG) reported fourth-quarter net loss attributable to the company of $86.2 million or $0.21 per share, compared with a profit of $250.1 million or $0.60 per share a year ago.
After adjusting for $0.72 of net expense in the current quarter, and $0.14 net benefit in the year-ago period, from items impacting comparability, quarterly earnings per share of $0.51 from continuing operations rose 9% versus the year-ago period's $0.47. On average, 9 analysts polled by Thomson Reuters expected earnings per share of $0.50 for the quarter. Analysts' estimates typically exclude one-time items.
Net sales for the three-month period were $3.41 billion, a 6.3% increase from $3.21 billion in the comparable period in 2011. Eight analysts estimated revenues of $3.38 billion for the quarter.
For fiscal 2013, the company expects 6% - 8% growth over the comparable earnings per share base of $1.84 in fiscal 2012, adjusted for items impacting comparability. This guidance reflects a continuation of challenging industry conditions, but overall earnings per share growth chiefly due to the benefit of contributions from businesses acquired in fiscal 2012; continued growth in its Lamb Weston potato operations; and successful margin management and moderating inflation in the Consumer Foods segment.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.