This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

15 Food Stocks Hit by Commodity Inflation

ConAgra Foods

ConAgra Foods (CAG)

Company Profile : Omaha-based ConAgra Foods is a food company, supplying frozen potato and sweet potato products, as well as other vegetable, spice and grain products, to a variety of restaurants, foodservice operators and commercial customers.

ConAgra said higher commodity costs led it to post a lower quarterly profit , though results topped expectations.

The maker of processed foods under the Chef Boyardee, Healthy Choice, Hebrew National and Orville Redenbacher's brands, among others, ConAgra said accelerating input cost inflation led it to implement net pricing increases. High wheat input costs necessitated price increases for its flour-milling operations, the company said.

Its fiscal third-quarter results included an impact of 3 cents per share related to the mark-to-market impact of derivatives used to hedge input costs.

Cost of goods sold jumped 4.7% in the recent quarter, year-over-year, to $2.36 billion.

5 of 16

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
MCD $94.88 0.00%
PEP $95.81 0.00%
PNRA $182.77 0.00%
SBUX $47.62 0.00%
SJM $117.42 0.00%


DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs