date:Feb 12, 2014
ra cut its fiscal 2014 profit forecast in September as shoppers opted for lower-priced private labels over the company's branded foods.
The company said on Tuesday its own private-label business was taking longer-than-estimated to reach expected operating profit levels, forcing it to cut prices to stem a fall in sales volumes.
The (forecast) revision again seems to reflect weakness in each and every part of CAG's business, including a longer-than-expected timeframe to integrate Ralcorp properl