Shares of ConAgra Foods Inc (NYSE:CAG) ended Thursday session in red amid volatile trading. The shares closed down -0.55 points or -1.15% at $47.08 with 2.35 million shares getting traded. Post opening the session at $47.76, the shares hit an intraday low of $46.97 and an intraday high of $47.88 and the price vacillated in this range throughout the day. The company has a market cap of $20.61 billion and the numbers of outstanding shares have been calculated to be 437.77 million shares.
ConAgra Foods Inc (CAG) declared the appointment of JeanMarie Brownson as Culinary Director. Joining ConAgra Foods as part of the recent Frontera Foods, Inc. acquisition, Brownson has taken on an expanded role, leading culinary development not only for Frontera branded products but for all of the company’s growth business programs.
A Chicago native, Brownson is an accomplished chef and writer. As part owner and culinary director of Frontera Foods with Rick Bayless and Manny Valdes, Brownson was in charge of all new product development, quality control and consumer educational materials for Frontera branded products since the company’s inception in 1996. Brownson has been awarded with several prestigious recognitions for her culinary writing counting the James Beard Foundation’s International Cookbook Award for “Mexico – One Plate at a Time,” which she co-authored with Bayless and his wife Deann, and the International Association of Culinary Professionals Award for “Dinner at Home,” a collection of her favorite recipes from her long-running bimonthly food column in the Chicago Tribune, which goes by the same name. Brownson has also served as Test Kitchen Director and assistant food editor for the Chicago Tribune.
Shares of Under Armour Inc (NYSE:UA) ended Thursday session in red amid volatile trading. The shares closed down -0.49 points or -1.59% at $30.30 with 5.46 million shares getting traded. Post opening the session at $30.83, the shares hit an intraday low of $30.17 and an intraday high of $30.90 and the price vacillated in this range throughout the day. The company has a market cap of $12.11 billion and the numbers of outstanding shares have been calculated to be 183.39 million shares.
Under Armour Inc (UA) recently declared financial results for the third quarter ended September 30, 2016. Net revenues raised 22% in the third quarter of 2016 to $1.47 billion contrast with net revenues of $1.20 billion in the prior year’s period. On a currency neutral basis, net revenues raised 23% contrast with the prior year’s period. Operating income raised 16% in the third quarter of 2016 to $199 million contrast with $171 million in the prior year’s period. Net income raised 28% in the third quarter of 2016 to $128 million contrast with $100 million in the prior year’s period and diluted earnings per share for the third quarter of 2016 were $0.29 contrast with $0.23 in the prior year’s period.
During the third quarter, wholesale net revenues grew 19% year-over-year to $1.01 billion contrast to $850 million in the prior year’s period, while Direct-to-Consumer net revenues grew 29% year-over-year to $408 million contrast to $316 million in the prior year’s period. North America net revenues for the third quarter grew 16% year-over-year. International net revenues, which represented 15% of total net revenues for the third quarter, grew 74% year-over-year, or 80% on a currency neutral basis.