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ConAgra Earnings Miss Forecast As Private-Label Foods Slump
date:Jun 20, 2014
e Omaha, Nebraska-based company is facing pricing pressure in supermarket brands -- an industry thats been growing but offers slim margins. Quarterly operating profit for that unit fell about $60 million from a year earlier, ConAgra said.

The private-label struggles, as well as profit challenges at certain retail brands such as Chef Boyardee, contributed to the writedown last quarter, the company said. ConAgras other brands include Hunts ketchup, Orville Redenbachers popcorn and Reddi-wip.

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12/23 23:49