Conagra Brands, Inc. (CAG) has delivered mixed results for the third quarter of fiscal 2024. In the quarter, the top and bottom lines declined year over year. Results have been affected by lower volumes stemming from the slowdown in consumption and the adverse impacts of pricing in certain segments. However, sales and earnings surpassed the Zacks Consensus Estimate.Quarter in DetailConagra’s quarterly adjusted earnings per share (EPS) came in at 69 cents, beating the Zacks Consensus Estimate of 63 cents. Th ...

Conagra Brands (CAG) reported $3.03 billion in revenue for the quarter ended February 2024, representing a year-over-year decline of 1.7%. EPS of $0.69 for the same period compares to $0.76 a year ago.The reported revenue represents a surprise of +0.65% over the Zacks Consensus Estimate of $3.01 billion. With the consensus EPS estimate being $0.64, the EPS surprise was +7.81%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determin ...

Conagra Brands Inc (NYSE: CAG) is trading up in premarket on Thursday after reporting better than expected earnings for its fiscal third quarter. Should you buy Conagra Brands stock after earnings Copy link to section Investors are cheering also because the management reiterated its guidance for the future. Conagra forecasts its organic net sales to be down up to 2.0% on $2.60 to $2.65 of per-share earnings (adjusted) in fiscal 2024. Analysts, in comparison, were at a share. Still, Delano Saporu of New Str ...

F O R I M M E D I A T E R E L E A S E CONAGRA BRANDS REPORTS THIRD QUARTER RESULTS CHICAGO, April 4, 2024 — Today Conagra Brands, Inc. (NYSE: CAG) reported results for the third quarter of fiscal year 2024, which ended on February 25, 2024. All comparisons are against the prior-year fiscal period, unless otherwise noted. Exhibit 99.1 News Release For more information, please contact: MEDIA: Mike Cummins 312-549-5257 Michael.Cummins@conagra.com INVESTORS: Melissa Napier 312-549-5738 IR@conagra.com Third quar ...

CHICAGO, April 4, 2024 /PRNewswire/ -- Today Conagra Brands, Inc. (NYSE: CAG) reported results for the third quarter of fiscal year 2024, which ended on February 25, 2024. All comparisons are against the prior-year fiscal period, unless otherwise noted.  Third quarter Highlights Net sales decreased 1.7% from the prior year quarter; organic net sales decreased 2.0% Operating margin was 15.5% representing a 33 basis point decrease over the prior year quarter. Adjusted operating margin was 16.4% representing ...

Conagra Brands, Inc. (CAG) is likely to register a top-and-bottom-line decline when it reports third-quarter fiscal 2024 earnings on Apr 4. The Zacks Consensus Estimate for revenues is pegged at $3.01 billion, which suggests a decrease of 2.4% from the prior-year quarter’s reported figure.The consensus mark for quarterly earnings has remained unchanged in the past 30 days at 63 cents per share. This indicates a decline of 17.1% from the year-ago quarter’s reported figure. CAG has a trailing four-quarter ear ...

Wall Street analysts forecast that Conagra Brands (CAG) will report quarterly earnings of $0.63 per share in its upcoming release, pointing to a year-over-year decline of 17.1%. It is anticipated that revenues will amount to $3.01 billion, exhibiting a decline of 2.4% compared to the year-ago quarter.Over the last 30 days, there has been a downward revision of 0.1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of ...

In the turbulent stock market, dangers and uncertainties are high. Investors always look for that hard-to-find mix of growth and stability. These businesses are changing the perception of low-risk investments. They work in various industries, including travel technology, consumer staples, and human resources.The first is a giant of the travel technology industry, especially in the rich markets of Mexico and Brazil. The second one is well known for its expertise in consumer staples. And the third one manages ...

Report Details Continued Progress Across Four Strategic Pillars CHICAGO, March 21, 2024 /PRNewswire/ -- Conagra Brands, Inc. (NYSE: CAG) today announced the publication of its 2023 Citizenship Report, which provides updates on the company's ongoing initiatives within four key focus areas: Good Food, Responsible Sourcing, Better Planet and Stronger Communities. The report encompasses a wide range of environmental and social initiatives that underscore Conagra's position as a leader in the food industry. "The ...

Alistair Berg/DigitalVision via Getty Images This article was coproduced with Leo Nelissen. As some of my longer-term followers may know, I have a background in supply chains. My Master's degree had a focus on purchasing and supply chain management, which has guided me very well in my investing journey. I believe that buying companies that are critical in major supply chains is one of the best methods to build long-term wealth. Personally, I'm invested in oil drillers, midstream companies, healthcare suppli ...