December 20/Omaha, Neb./Associated Press -- ConAgra Foods said fiscal second-quarter net income fell nearly 15%, as high food costs continued to pressure results. The company, like many food companies, is dealing with higher costs for ingredients, packaging and fuel and has raised its prices to offset those increases.
"The marketplace environment remains difficult due to continuing inflationary pressures and the impact of the current economy on consumers, so we are cautious about business conditions," said CEO Gary Rodkin.