More changes in store for ConAgra Foods, Inc.

LONGMONT- Gobble, gobble, gone?

ConAgra Foods Inc. had a tough fourth-quarter for fiscal 2005, which ended May 29. Results were negatively affected by its packaged meats operations, which dragged down earnings of ConAgra’s retail and food-service products divisions.

To improve company efficiency, company officials said they will concentrate on inventory reduction, head count, general reduction of expenses and improvement in manufacturing capacity utilization and plant productivity.

“All of these programs are geared to improve profit margins,” the company said in its earnings report.

“Fiscal 2005 was characterized by a solid first half followed by a weak second half,´ said Bruce…