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ConAgra cuts profit forecast on weak private label sales
date:Feb 12, 2014
y, Barclays analyst Andrew Lazar wrote in a note.

ConAgra blamed the higher prices that Ralcorp had been charging and the disruption caused by restructuring before the acquisition for the weaker-than-expected results at its private-label business.

Our biggest issue is that the private brands operations are taking longer to fix than we thought, Chief Executive Gary Rodkin said on a conference call after forecasting a weaker-than-expected profit for the third quarter ending February.

Analysts,

12/24 16:59