Conagra Reports Favorable Forex Impact on 2Q Sales — Currency Comment - News Summed Up

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


By Paulo TrevisaniConagra 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 paulo.trevisani@wsj.com(END) Dow Jones NewswiresJanuary 06, 2022 10:01 ET (15:01 GMT)Copyright (c) 2022 Dow Jones & Company, Inc.


Source: Wall Street Journal January 06, 2022 15:42 UTC



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