Analyst Study on ConAgra Foods Inc. and Del Monte Foods Co. - Processed and Packaged Goods Struggle With Pricing
November 15 2010 - 8:21AM
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Pricing power has been a major concern for the Processed and
Packaged Goods sector lately. Decreased consumer spending has
combined with rising agricultural commodity prices to severely hurt
company's margins as they fail to pass the rising costs onto their
consumers.
www.wallstreetequityresearch.com is a specialized website where
investors can have specific access to complimentary reports on
processed & packaged goods industry; traders looking for
analysis on ConAgra Foods Inc., Del Monte Foods Co. and other
players in the industry are welcomed to sign up for free at
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Another issue impacting the ability of companies within their
sector to raise prices has been the extremely competitive pricing
environment. National brands have been under siege by in-store
brands lately. Visit us at http://www.wallstreetequityresearch.com/
to understand the catalysts and forces driving or affecting
companies in the processed & packaged goods industry.
During the recession restrained budgets caused consumers to
shift their purchasing habits toward less expensive store brands.
To compete, many national brands lowered their prices. Now that the
economy is beginning to recover, companies are worried that new
price reference points will inhibit their ability to raise prices
back to normal levels. Also, consumers are no longer recognizing
the discrepancy in quality between store and national brands.
On top of all this, many retails prefer the in-store brands
because they result in higher net profits. The sector's ability to
navigate the price hikes without losing market share will be vital
to their profitability moving forward.
For the third quarter of 2010, ConAgra Foods Inc. delivered a
below par result back in September with revenue declining to $2.82
billion and profit falling from $165.9 million registered in the
same quarter last year to $146.4 million. Forceful discounting in a
hyper-competitive environment and elevated costs seem to have been
the main culprit to this financial shortfall. Investors can
register today at
http://wallstreetequityresearch.com/November152010ConAgraFoodsInc.(CAG)151110.php
to download the full report on ConAgra Foods
Inc.
Also posted back in September were the financial results for Del
Monte Foods Co. The processed & packaged goods company saw a
surge in net income to $59.4 million on declining revenue of $804.6
million. Investors can access free research on Del
Monte Foods Co. now by signing up at
http://wallstreetequityresearch.com/November152010DelMonteFoodsCo.(DLM)151110.php.
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