date:Jun 20, 2014
ConAgra Foods Inc., the packaged- food company that owns Chef Boyardee and Healthy Choice, said earnings missed its forecast amid slow sales of consumer foods and shrinking profit at its private-label business.
Fourth-quarter earnings were about 55 cents a share, excluding some items, the company said today in a preliminary statement. ConAgra had predicted 60 cents for the period, which ended on May 25. The sluggish results, which also prompted a fourth-quarter writedown of $681 million, sent t