ConAgra Foods Reaffirms Optimistic 2009 Outlook Despite 2Q09 Profit Plunge of 31%

SUGAR LAND--December 18, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--ConAgra Foods Incorporated (NYSE:CAG) (Omaha, Nebraska) has announced that its second-quarter 2009 profit has plunged 31% to $168.1 million, compared with $244.8 million in the same period last year, as commodity prices fell from highs during the summer. However, higher prices helped to boost net sales to $3.26 billion, up 10.6% compared with $2.95 billion in 2Q08. Industrial Info is tracking five active projects involving ConAgra as part of our North American Industrial Database.