This document summarizes the Q1 FY07 financial results of ConAgra Foods. Some key highlights include:
- Consumer Foods volume increased 1% and Food and Ingredients volume increased 2% in Q1.
- Gross margin was 24.7% and operating margin was 11.7% for the quarter.
- Net debt decreased to $2.88 billion from $3.97 billion in Q1 FY06.
- Restructuring charges totaled $39 million pre-tax, impacting costs in Consumer Foods and corporate expenses.
Ogsm: desarrollar, desplegar y comunicar la estrategiaJuan Olascoaga
A través de esta presentación quiero compartir una herramienta de desarrollo, despliegue y comunicación de la estrategia que me ha servido a lo largo de mi carrera para sistematizar y ordenar mi trabajo, mi reporting y el de mis equipos.
Using Pinterest strategically to meet brand objectives – How to choose the ri...Digital Megaphone
ConAgra Foods’ Digital Marketing and PR/Social team members Megan West and Jenna Rice share how they strategically grew ConAgra’s ReadySetEat Pinterest page through testing various tactics such as pin it to win it contests, influencer pinning and third party support. You’ll learn which tactics performed and which didn’t as well as how they were able to track actions to actual sales.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
how can i use my minded pi coins I need some funds.
ConAgra QAFY07Q1
1. Q1 FY07 Question & Answer
September 21, 2006
Note: The company considers the amounts in today’s press release preliminary for reasons described on Page
6 of the release.
1. What were some examples of major brands in the Consumer Foods segment posting sales growth for
the quarter?
Banquet
Chef Boyardee
DAVID
Hebrew National
Hunt’s
Kid Cuisine
Marie Callender’s
Orville Redenbacher’s
PAM
Reddi-wip
Rosarita
Ro*Tel
Slim Jim
Snack Pack
2. What were some examples of major brands in the Consumer Foods segment posting sales declines for
the quarter?
ACT II
Egg Beaters
Healthy Choice
LaChoy
Manwich
Parkay
Swiss Miss
VanCamp’s
Wesson
3. What were unit volume changes for the quarter in the Consumer Foods and Food and Ingredients
segments?
Consumer Foods volume increased 1% in the current quarter.
Food and Ingredients volume increased 2% in the current quarter.
Page 1 of 7
2. 4. How much was total Depreciation and Amortization from continuing operations for the quarter?
Approximately $89 million (versus approximately $75 million in Q1 2006)
5. How much were Capital Expenditures from continuing operations for the quarter?
Approximately $46 million (versus approximately $61 million in Q1 2006)
6. What was the net interest expense for the quarter?
Approximately $58 million (versus approximately $72 million in Q1 2006)
7. What was Corporate Expense for the quarter?
Approximately $90 million including approximately $13 million of restructuring charges (versus
approximately $73 million in Q1 2006)
8. How much did the company pay in dividends during the quarter?
$93 million
9. What was the weighted average number of diluted shares outstanding for the quarter?
512 million shares
10. What was the approximate effective tax rate for the quarter (rounded) for continuing operations?
The effective tax rate for continuing operations for the quarter was 36%.
11. What were the gross margins and operating margins for the quarter ($ amounts in millions, rounded)?
Gross Margin = Gross Profit* divided by Net Sales
Gross Margin = $663/$2,689 = 24.7%
Operating Margin = Segment Operating Profit** divided by Net Sales
Operating Margin = $316/$2,689 = 11.7%
* Gross Profit = Net Sales – Costs of Goods Sold ($2,689 – $2,026 = $663)
**See first-quarter segment operating results for a reconciliation of Operating Profit to Income from
continuing operations before income taxes and equity method investment earnings (loss). Income from
continuing operations before income taxes and equity method investment earnings (loss), divided by
Net Sales = $168/$2,689 = 6.2%.
12. What was the trade working capital position at quarter end, excluding amounts for discontinued
operations?
Trade working capital is defined as the net position of Accounts Receivable plus Inventory less
Current Operating Liabilities (Accounts Payable, Accrued Expenses, and Advances on Sales).
Page 2 of 7
3. Q1 FY07 Q1 FY06
Accounts Receivable $1,156 $1,252
Inventory $2,123 $2,296
Less: Accounts Payable $ 892 $ 899
Less: Accrued Expenses* $1,519 $1,522
Less: Advances on Sales $ 108 $ 129
Net Position $ 760 $ 998
*Accrued expenses = accrued payroll plus accrued liabilities.
13. What is included in the company’s net debt at the end of the quarter (in millions)?
Q1 FY07 Q1 FY06
Total Debt* $3,582 $4,473
Less: Cash On Hand $ 695 $ 501
Net Debt Total $2,887 $3,972
* Total debt = notes payable, current installment of long-term debt, long-term debt, and subordinated
debt.
14. What is the net debt to total capital ratio at quarter end?
38% currently and 44% a year ago
This ratio is defined as net debt divided by the sum of net debt plus shareholder equity. See question
#13 for the components of net debt.
15. What is the projected effective tax rate for continuing operations for fiscal 2007 (rounded)?
Approximately 36%
16. What are the projected Capital Expenditures for fiscal 2007?
Approximately $450 million
17. What is the expected net interest expense for fiscal 2007?
Approximately $225-$250 million
18. What was the impact of adopting FAS123R during the quarter?
Expensing of stock options resulted in recognizing increased expense of less than $5 million pretax,
which approximates half a cent per share EPS impact.
19. Where were the first quarter’s restructuring charges classified?
Consumer Foods:
Cost of Goods Sold—approximately $10 million
SG&A expense—approximately $16 million
Page 3 of 7
4. Corporate:
SG&A expense—approximately $13 million.
20. What was the impact of the change in accounting method for advertising expense in the first quarter of
fiscal 2007?
The impact of this method change was less than $5 million pretax of additional expense.
21. How does last week’s announcement of the plant closures fit into the company’s overall restructuring
program announced last March?
The company estimates the announced closings will contribute about half of the targeted $100 million
of annual fixed cost savings by fiscal 2009.
22. As reported in the earnings release and prior releases, what are the major items in the first-quarter
fiscal 2007 diluted EPS that will affect comparability with first-quarter fiscal 2006 diluted EPS?
Summary of major items included in diluted EPS of $0.21 First Quarter
from continuing operations for the first quarter of fiscal 2007 FY07
Expense related to restructuring program $0.05
Summary of major item included in diluted EPS of $0.61 from First Quarter
continuing operations for the first quarter of fiscal 2006 FY06
Gain on sale of Pilgrim’s Pride Corporation common stock $0.40
Impairment charges related to two joint ventures $0.03
Expense related to plant closure $0.01
23. What are the revised historical segment results resulting from the accounting method and classification
changes that took place this quarter?
Please see the attached tables—one shows segment information and the other shows the entire P/L
information. (Pages 6-7)
Note on Forward-Looking Statements:
This document contains forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. These statements are based on management’s current views and
assumptions of future events and financial performance and are subject to uncertainty and changes in
circumstances. The company undertakes no responsibility to update these statements. Readers of this
document should understand that these statements are not guarantees of performance or results. Many
factors could affect the company’s actual financial results and cause them to vary materially from the
expectations contained in the forward-looking statements. These factors include, among other things,
future economic circumstances, industry conditions, availability and prices of raw materials, product
pricing, competitive environment and related market conditions, operating efficiencies, the company’s
ability to execute its operating and restructuring plans, access to capital, actions of governments and
Page 4 of 7
5. regulatory factors affecting the company’s businesses and other risks described in the company’s
reports filed with the Securities and Exchange Commission. The company cautions readers not to place
undue reliance on any forward-looking statements included in this document, which speak only as of
the date made.
Page 5 of 7
6. ConAgra Foods, Inc.
Segment Operating Results
($USD, in millions)
FY 2006
Q1 Q2 Q3 Q4
Total
FY06 FY06 FY06 FY06
Segment Sales
Consumer Foods $1,499.5 $1,753.2 $1,644.4 $1,607.3 $6,504.4
Food and Ingredients 770.5 805.3 789.8 823.0 3,188.6
Trading and Merchandising 260.0 288.6 278.3 358.9 1,185.8
International Foods 143.8 154.9 149.3 155.2 603.2
Total 2,673.8 3,002.0 2,861.8 2,944.4 11,482.0
Segment Operating Profit
Consumer Foods 166.4 244.6 220.2 197.1 828.3
Food and Ingredients 96.4 91.9 80.2 95.1 363.6
Trading and Merchandising 53.5 32.7 60.6 42.0 188.8
International Foods 10.3 14.9 14.3 22.6 62.1
Total 326.6 384.1 375.3 356.8 1,442.8
Reconciliation of total operating profit to income
from continuing operations before income taxes
and equity method investment earnings (loss)
Items excluded from segment operating profit:
General corporate expense (72.9) (103.1) (170.6) (208.7) (555.3)
Gain on sale of Pilgrim's Pride
Corporation common stock 329.4 - - - 329.4
Interest expense, net (72.4) (68.6) (68.8) (62.2) (272.0)
Income from continuing operations before income
taxes and equity method investment earnings (loss) $510.7 $212.4 $135.9 $85.9 $944.9
Segment operating profit excludes general corporate expense, gain on sale of Pilgrim's Pride Corporation common stock,
equity method investment earnings (loss) and net interest expense. Management believes such amounts are not directly
associated with segment performance results for the period. Management believes the presentation of total operating
profit for segments facilitates period-to-period comparison of results of segment operations.
Page 6 of 7
7. ConAgra Foods, Inc.
Income Statement for FY06
($USD, in millions)
FY 2006
Q1 Q2 Q3 Q4
Total
FY06 FY06 FY06 FY06
Net sales $2,673.8 $3,002.0 $2,861.8 $2,944.4 $11,482.0
Costs and expenses
Cost of goods sold 2,003.1 2,270.6 2,142.4 2,242.5 8,658.6
SG&A expenses 417.0 450.4 514.7 553.8 1,935.9
Interest expenses, net 72.4 68.6 68.8 62.2 272.0
Gain on sale of Pilgrim's Pride Corporation
common stock 329.4 - - - 329.4
Income from continuing operations before
income taxes and equity method
510.7 212.4 135.9 85.9 944.9
investment earnings (loss)
Income tax expense 177.6 79.5 37.6 11.3 306.0
Equity method investment earnings (loss) (13.9) (16.7) (0.6) (18.4) (49.6)
Income from continuing operations 319.2 116.2 97.7 56.2 589.3
Income (loss) from discontinued operations 28.1 36.3 (122.9) 3.0 (55.5)
Net income $347.3 $152.5 $(25.2) $59.2 $533.8
Earnings per share – diluted
Income from continuing operations 1 0.61 0.22 0.19 0.11 1.13
Income (loss) from discontinued
1
0.06 0.07 (0.24) 0.00 (0.10)
operations
Net income 1 0.67 0.29 (0.05) 0.11 1.03
Diluted weighted average shares
520.5 521.0 520.9 519.1 520.2
outstanding
1
Basic and diluted earnings per share are calculated independently for each of the quarters presented. Accordingly, the
sum of the quarterly earnings-per-share amounts may not agree with the total year.
Page 7 of 7