ConAgra Foods ( CAG 0.08% ) is a stock that struggled in the last fiscal year, but it's off to a much better start in the current fiscal year. That sets up the stock to be an interesting turnaround play, if management's initiative to reverse its sales decline last year takes hold. The company is intensifying its efforts to focus on better-performing products, end promotion of underperforming brands, and pursue opportunities in new retail channels. This fuels management's expectations for mid-single-digit percentage growth this year in adjusted earnings.