ConAgra (NYSE:CAG) released fiscal year 2005 earnings for the period ended May 29, 2005, on June 30.

  • Fiscal year 2005 had 52 weeks, versus 53 weeks for FY 2004.
  • 2005 earnings per share included charges amounting to -$0.04 per share for discontinued operations. 2004 included a one-time benefit of $0.18 per share, along with a -$0.02-per-share charge for an accounting change.

Income Statement Highlights

FY 2005
Avg. Est.
FY 2005
Actual

FY 2004
Actual

%
Change
Sales $15,010 $14,567 $14,082 +3.4%
Net Profit -- $642 $811 -20.9%
EPS $1.35 $1.23 $1.53 -19.6%
Figures in millions, except per-share data

Margin Checkup

FY 2005 FY 2004 Change
Gross Margin 21.29% 22.76% -1.47%
Op. Margin 8.70% 9.86% -1.16%
Net Margin 4.4% 5.76% -1.36%


Balance Sheet Highlights

Assets FY 2005 FY 2004 % Change
Cash + ST Invest. $208 $609 -65.9%
Inventory $2,615 $2,517 +3.9%
Accounts Rec. $1,292 $1,303 -0.9%
Dollar figures in millions

Liabilities FY 2005 FY 2004 % Change
Long-Term Debt $4,349 $5,281 -17.6%
Accounts Pay. $818 $925 -11.6%
Dollar figures in millions

Related companies:

  • Kraft (NYSE:KFT)
  • Tyson Foods (NYSE:TSN)
  • Smithfield Foods (NYSE:SFD)

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At the time of publication, Seth Jayson had positions in no company mentioned. Fool rules are here.