Omaha-Stronger results from its fertilizer operations helped ConAgra Foods Inc.’s Trade and Merchandising (T&M) segment achieve record operating profits during the third quarter ending Feb. 25, 2007. T&M profits reached a record $62 million, up 3 percent from year-ago levels. T&M sales were up 5 percent at $293 million. Company-wide, ConAgra saw an increase in net income and sales despite the recall of 100 percent of its peanut butter products following reports of Salmonella contamination. ConAgra estimates the recall will cost between $50-$60 million, with some $48 million of this recognized in the third quarter. Third-quarter ConAgra-wide net income was $192.6 million on sales of $2.92 billion, versus the year-ago loss of $25.2 million on sales of $2.86 billion. Nine-month net income was $572.6 million on sales of $8.7 billion, up from the year-ago $474.6 million and $8.54 billion, respectively.
Transparency Across the Fertilizer Value-Chain