LONDON, September 24, 2014 /PRNewswire/ --

Investor-Edge.com has issued free post-earnings insight on ConAgra Foods Inc. (NYSE: CAG). The company reported financial results on September 18, 2014 for Q1 FY15 ended August 24, 2014. During Q1 FY15, net income attributable to ConAgra Foods, Inc. surged 234.2% on a Y-o-Y basis and its adjusted diluted EPS grew 2 cents from the year ago quarter. Our free coverage report can be accessed at:

www.investor-edge.com/register [http://www.investor-edge.com/register ]

Earnings Overview

ConAgra Foods Inc.'s total sales for Q1 FY15 decreased 0.4% to $3,701.0 million from $3,715.8 million in the previous year quarter. The reported quarter sales fell short of Bloomberg analysts' forecasts of $3,726.0 million. During Q1 FY15, sales declined 1.0% Y-o-Y in its Consumer Foods segment to $1,632.3 million, and reduced 1.7% Y-o-Y for Private Brands to $980.4 million. However, the company's sales from Commercial Foods segment grew to $1,088.3 million in Q1 FY15, reflecting a Y-o-Y increase of 1.8%. The free research on CAG can be downloaded as in PDF format at:

www.Investor-Edge.com/CAGFreeReport [http://www.investor-edge.com/CAGFreeReport ]

During Q1 FY15, the company's total operating profit declined by 4.0% to $353.0 million, from $367.6 million, in the preceding year quarter. The company's operating profit from Commercial Foods segment fell by 11.7% Y-o-Y to $121.1 million, primarily due to a less favorable product mix and comparatively weak potato crop quality. Operating profit from Private Brands also declined 36.0% Y-o-Y to $41.9 million, attributable largely to pricing concessions made in FY14 and temporarily higher supply chain costs. On the other hand, operating profit from Consumer Foods segment increased 15.2% Y-o-Y to $190.0 million. Net income attributable to ConAgra Foods Inc. during the reported quarter more than tripled to $482.3 million (or $1.12 per diluted share), from $144.3 million (or $0.34 per diluted share) in the previous year quarter. However, income from continuing operations declined to $0.25 per share, from $0.30 per share, in Q1 FY14. Analysts from Bloomberg were expecting the company to report net income of $159.3 million or $0.34 per share in the reported period. On an adjusted basis, the company's Q1 FY15 EPS increased to $0.39, from $0.37, in the prior year period. Sign up and read the free analyst's notes on CAG at:

www.Investor-Edge.com/CAG-24092014 [http://www.investor-edge.com/CAG-24092014 ]

Gary Rodkin, CEO of ConAgra Foods, said that the company had a good start to FY15 which demonstrated its improving fundamentals and better execution. He stated that the volume for Consumer Foods is showing recovery, Lamb Weston's foodservice channel sales are robust and cost savings programs across the company are coming in as planned. According to Mr. Rodkin, the company continues to be confident that fiscal 2015 will be a year of stabilization and recovery.

For FY 15, ConAgra Foods expects EPS to show a mid-single digit rate of growth over FY14 EPS of $2.17. The company's operating cash flow for FY15 is expected to be approximately $1.6-$1.7 billion. Further, for Q2 FY15, comparable EPS is projected to be in line with year-ago amounts given the strong comparable EPS performance in Q2 FY14.

Stock Performance

On the day of earnings release, September 18, 2014, shares in ConAgra Foods Inc. surged 4.59%, ending the session at $33.48. The stock, which hasn't witnessed any major movement since then, closed at $33.14 on the last trading session, Tuesday, September 23, 2014, which was 1.16% below its previous day's closing price. The stock vacillated between $33.11 and $33.50 during the day, and a total of 4.34 million shares were traded, which was slightly higher than its three months average volume of 4.10 million shares. Over the previous three trading sessions and from the beginning of 2014, the company's shares have dropped 1.02% and 1.66%, respectively; although, the shares have advanced 4.05% in the last one month. Shares in ConAgra Foods Inc. are trading above their 50-day and 200-day moving averages of $31.64 and $31.29, respectively. Furthermore, the stock traded at a PE ratio of 15.32 and has a Relative Strength Index (RSI) of 70.92. Visit Investor-Edge and access the latest research on CAG at:

www.Investor-Edge.com/CAGEarningsCoverage [http://www.investor-edge.com/CAGEarningsCoverage ]

Sneak Peek to Corporate Insider Trading

In the last one month ConAgra Foods Inc. has not reported any share transactions by insiders to the U.S. Securities and Exchange Commission (SEC). Complimentary in-depth research on CAG is available at:

www.Investor-Edge.com/CAGInsiderTrading [http://www.investor-edge.com/CAGInsiderTrading ]

About Investor-Edge.com

At Investor-Edge, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Investor-Edge comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.

===============

EDITOR'S NOTES:

===============

1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.

2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.

3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.

4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] www.investor-edge.com.

5. For any urgent concerns or inquiries, please contact us at compliance [at] www.investor-edge.com.

6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] www.investor-edge.com for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-Edge, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Investor-Edge in this article or report according to the procedures outlined by Investor-Edge. Investor-Edge is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Investor-Edge makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Investor-Edge is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Investor-Edge whatsoever for any direct, indirect or consequential loss arising from the use of this document. Investor-Edge expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Investor-Edge does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

CFA(R) and Chartered Financial Analyst(R) are registered trademarks owned by CFA Institute.

SOURCE Investor-Edge