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Many corporations opened their books on Thursday, June the 21st. ConAgra Foods, CarMax and Rite Aid reported their quarterly results. The following is a brief review of the most important facts pertaining to their reports.

ConAgra Foods (CAG), the packaged food company, reported a fourth quarter loss of $0.21 per share yesterday. Excluding the impact of a change in the accounting method for the pension liabilities, earnings came in at $0.51 per share, compared to $0.47 last year. Revenues of its Consumer Food segment rose 6% on the year to $2.15 billion, driven by higher prices and acquisitions, offset by a decline in organic volumes. Adjusted operating profit for the segment rose 7% to $288 million.

Revenues for ConAgra's Commercial Food segment rose 7% to $1.26 billion, with operating profits for the segment coming in at $138 million. The company spent $293 million on the acquisition of Del Monte Canada, Odom's Tennessee Pride and Kangaroo brands in recent months, with combined reported annual revenues of $360 million. For 2013, the company expects earnings per share growth of 6-8% compared to 2012's annual earnings per share of $1.84.

CarMax (KMX), the wholesaler and retailer of used cars, saw its shares fall 7.2% in yesterday's trading session after reporting its first quarter results. The company reported a 4% increase in revenues to $2.77 billion, driven by a 3% increase in the total used units sold. Net income fell 4% to $120.7 million, or $0.52 per share, compared to $0.54 last year. Sales for its used vehicles rose 5.7% to $2.19 billion, while revenues from wholesale vehicle sales fell 2.1% to $468 million. Gross profits for the used vehicles segment rose 3.3% to $249 million, wholesale profits fell 5% to $82 million. For 2013, the company plans to open 12 new superstores across the country. Investors were not pleased with the results, as growth rates have slowed down significantly in the last quarter compared to quarters before. Shares are down 15% so far this year.

Rite Aid (RAD), the operator of drugstores reported its first quarter results for its fiscal 2013 yesterday. The company reported a loss of $0.03 this year, compared to a loss of $0.07 last year. Rite Aid lost $28 million during the quarter on total revenues of $6.5 billion. Revenues were up 1.2% on the year, driven by a growth in comparable sales, which was partially offset by the impact of store closings.

For the full year of 2013, Rite Aid expects to generate revenues between $25.3 billion and $25.7 billion. Same store sales growth is expected to come in between minus 0.5% and plus 1% as a result of the introduction of new generic introductions. The company expects to lose between $103 million and $248 million for the full year, which looks rather favorable given that the company lost about $4.5 billion over the last four years. Shares rose 7% in yesterday's session, as the first quarter loss came in lower than expected and revenues beat expectations slightly.

Source: Important Earnings Announcements From Thursday, June 21st