ConAgra Foods warned that full-year earnings may decline more than previously forecast due to higher costs at its cooking oil and Healthy Choice units.

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


Profit for the fiscal year ended May 2009 will come in “slightly above” US$1.50 a share – down from the company’s June forecast of $1.56-$1.59 a share, ConAgra said in a statement today (18 September).


The company said that costs for raw materials, including corn and energy, rose 24% in the first quarter outpacing sales growth. Although ConAgra raised prices to offset these higher costs, it said it will increase marketing spend on frozen foods and other products.


First-quarter net income more than doubled to $442.4m, benefitting from the sale of its commodity-trading unit. Sales were up 17% to $3.07bn for the quarter.


ConAgra sold its commodity-trading unit in June Ospraie Management LLC for about $2.8bn.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Nominations Closed

Nominations are now closed for the Just Food Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Winning five categories in the 2025 Just Food Excellence Awards, Centric Software is setting the pace for digital transformation in food and FMCG. Explore how its integrated PLM and PXM suite delivers faster launches, smarter compliance and data-driven growth for complex, multi-channel product portfolios.

Discover the Impact