Conagra Reports Favorable Forex Impact on 2Q Sales — Currency Comment

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Conagra Reports Favorable Forex Impact on 2Q Sales — Currency Comment

By Paulo Trevisani Conagra Brands, Inc. said Thursday that foreign exchange rates had a favorable impact on its second quarter results.


By Paulo Trevisani

Conagra Brands, Inc. said Thursday that foreign exchange rates had a favorable impact on its second quarter results.

The Chicago-based packaged-food supplier reported net sales of $3.1 billion for the 13 weeks ended Nov. 28, a 2.1% increase from a year earlier that includes a 0.2% favorable impact from foreign exchange.

Conagra said net sales for its international segment were $262 million in the quarter, 5% higher than a year earlier, including a 3% favorable impact from foreign exchange.

The WSJ Dollar Index rose 1.6% in the quarter, according to Dow Jones Market Data.

Write to Paulo Trevisani at [email protected]

(END) Dow Jones Newswires

01-06-22 1001ET



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