Omaha-ConAgra Foods Inc. is still dealing with the results reported by its former subsidiary, United Agri Products, and on July 28 again adjusted earnings for the years 1999-2001. This time ConAgra cited matters related to UAP, as well as the level and application of company reserves. The Securities Exchange Commission alleges that a gross amount of $170 million related to the reversal of reserves was improperly recorded in income during fiscal years 1999-2001. ConAgra said it is currently conducting discussions with the SEC regarding a possible settlement of these matters. It said any settlement may include the company consenting to the issuance of a final judgment without admitting or denying the allegations, with respect to a complaint to be filed by the SEC in federal court. ConAgra has previously filed restatements in June 2001 for the years 1997-2000 related to UAP, and in April 2005 for years 2002-2004 relating to income tax matters. New restatements for fiscal years ending in May are as follows.
| Earnings | $M Net Income | Diluted Earnings Per Share |
| 2001 Reported | 641.8 | 1.25 |
| 2001 Restated | 627.0 | 1.22 |
| 2000 Reported | 382.7 | .80 |
| 2000 Restated | 360.5 | .75 |
| 1999 Reported | 330.2 | .69 |
| 1999 Restated | 278.8 | .58 |