date:Dec 20, 2013
13% lower than the same quarter of the previous year. Sales for the quarter were $1.6 billion. Part of the decline was due to the companys Lamb Weston potato products business, which saw its profits come in below year-ago amounts due to a major food service customer that did not renew a sizeable amount of potato business toward the end of the last fiscal year.
ConAgras flour milling sales decreased, reflecting the pass-through of lower wheat costs, while milling profits were in line with year-