FARM BUSINESS NEWS
ConAgra 3Q Net Down 57%
Wed Apr 3, 2013 03:35 PM CDT

(Dow Jones) -- ConAgra Foods Inc. (CAG) sales volumes excluding acquisitions remained down in its fiscal third quarter, despite a 33% increase in marketing spending to try to get consumers to buy more Hunt's ketchup, Peter Pan peanut butter and Slim Jim meat snacks.

The 3% decline in sales volume in ConAgra's consumer foods segment was slightly better than the previous quarter's 4% decline, but shows ConAgra still has a ways to go to get that key metric into positive territory. In both periods, the decline in the amount of food sold were offset by higher prices, resulting in flat ...

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