Conagra Foods

Conagra Foods Company was incorporated in 1919 and is headquartered in Omaha, Nebraska. ConAgra Foods, Inc. operates as a packaged food company serving restaurants and other foodservice establishments in North America. The company operates in three segments. These are Retail Products, Foodservice Products, and Food Ingredients. Gary Rodkin is President and Chief Executive Officer of ConAgra Foods, Inc. Conagra Foods is a fortune 500 stock listed company trading under the symbol CAG. The company has a good stock performance record till date.

ConAgra Foods Inc. reported results for the fiscal 2006 third quarter ended Feb. 26, 2006. The Retail Products segment operating profit for the quarter was 248 million dollars, which includes a 23 million dollars restructuring charge related to programs designed to reduce the company's ongoing operating costs. The Retail Products segment operating profit in the year-ago period was 272 million dollars, which included a 10 million impairment charge and 17 million dollars of income from favorable legal settlements. Current quarter sales and operating profit results reflect improved execution in the company's operations.

The company's results in the third quarter last year were negatively impacted by production problems and disruption from implementing information systems and business process improvement initiatives. Going forward, the company will continue to focus on improving its product mix, better in-store execution, and opportunities to broaden distribution for its key consumer brands. During the quarter, sales for the Foodservice Products segment increased 4 percent to 561 million dollars, reflecting volume growth of 1 percent. Segment operating profit was 41 million dollars in the third quarter, which includes 18 million dollars of restructuring charges related to programs designed to reduce the company's ongoing operating costs.

Over the last several years, ConAgra Foods has transformed itself into an industry-leading, branded, and value-added food company. ConAgra Foods recently announced its realignment from three operating channels to two, with the previous ConAgra Foodservice merging with ConAgra Food Ingredients to form ConAgra Foods Commercial Products. These two primary business segments, Consumer Foods and Commercial Products, make us the right kind of Food Company to satisfy the needs of customers and consumers.

The Company has a strong tradition of leadership, service and contributions. The company’s mission is bringing comfort to customers, supporting business and commerce, and building strong communities