Conagra Foods Q2 results: Lamb Weston Profits improved

december 21, 2009

Bron

Conagra Foods

We want to highlight the details on Conagra Foods Lamb Weston in the just published Q2 results of Conagra Foods:

"Lamb Weston profits improved, reflecting the positive impacts of higher prices necessitated by increased input costs, as well as plant efficiencies and a refinement to its product cost allocation process;these were partially offset by the negative impact on sales and volume of difficult food service industry conditions."

Conagra expects continued softness in the food service industry:

"....the company continues to expect the Commercial Foods segment to deliver operating profits in line with year-ago amounts due, in part, to expectations for continued softness in the food service industry."