ConAgra - The US Food Giant Benefits from Higher Sales and Price Increases!
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Business drivers: The US food giant ConAgra (CAGR) has a wide-ranging product portfolio in snacks, frozen and convenience foods, and well-known brands (Birds Eye, Duncan Hines, Healthy Choice, Marie Callender's, Reddi-wip Slim Jim, and many more) and, like many other food multinationals, is currently benefiting from higher sales prices. On October 1, ConAgra surprised with a better-than-expected Q2 result. Although the adjusted earnings per share fell from 39 cents to 53 cents, it was able to surpass analysts' estimates of 33 cents per share....
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