The Noah Project

Rebuilding a sustainable world.

GMO Label Risk, Organic Food Cut into ConAgra Foods Profits

2 Comments

Stock Traders Daily has bad news for ConAgra Foods:

ConAgra Foods, Inc. (NYSE:CAG), the maker of Chef Boyardee, Healthy Choice and Peter Pan, reported disappointing earnings last week, as the company said its net income for the first quarter was $144.3 million or $0.34 per share, down from $250.1 million or $0.61 per share in the same period last year. Sales also have missed views the past two quarters.  Private label and organic food competitors have been cutting into the company’s profits.  The stock is down over 16% from its highs in early August.

 

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Author: Daniela

I was born in Croatia, at that time Yugoslavia. My family moved to the US when I was very young, but I still treasure the memories of my grandfather teaching me how to protect myself against the "evil eye," my grandmother shopping early every morning, at the open air market, to buy the freshest vegetables for the day's meals, and the traditions that were the underpinnings of our society. Someone once noted that "For all of us that want to move forward, there are a very few that want to keep the old methods of production, traditions and crafts alive." I am a fellow traveler with those who value the old traditions and folk wisdom. I believe the knowledge they possess can contribute significantly to our efforts to build a more sustainable world; one that values the individual over the corporation, conservation over growth and happiness over wealth.

2 thoughts on “GMO Label Risk, Organic Food Cut into ConAgra Foods Profits

  1. I don’t really want to think of myself as “enjoying” Goliaths’ feeling at least a poke in the ribs – but I have to say, ConAgra’s disappointment is a bit of a treat!

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