Conagra Brands, Inc. (NYSE:CAG ) Q1 2025 Earnings Q&A Conference Call October 2, 2024 9:30 AM ET Company Participants Melissa Napier - Senior Vice President of Investor Relations Sean Connolly - President and Chief Executive Officer David Marberger - Executive Vice President and Chief Financial Officer Conference Call Participants Kenneth Goldman - JPMorgan Chase & Co. Andrew Lazar - Barclays Bank PLC Alexia Howard - Sanford C. Bernstein & Co. Leah Jordan - Goldman Sachs Group, Inc. Nik Modi - RBC Capital Markets Peter Galbo - Bank of America Merrill Lynch Robert Moskow - TD Cowen Thomas Palmer - Citigroup Inc. Max Gumport - BNP Paribas Exane Operator Good morning, everyone, and welcome to the Conagra Brands Q1 Fiscal Year 2025 Q&A Conference Call.
Conagra Brands (CAG, Financial) experienced a significant movement today, with its stock price falling by 9.95% to $29.465. This decline follows a disappointing earnings report for fiscal Q1 2025.
Shares of Conagra Brands Inc (CAG, Financial) fell 9.29% in mid-day trading on Oct 2. The stock reached an intraday low of $29.38, before recovering slightly to $29.68, down from its previous close of $32.72.
Conagra's first-quarter results reflect lower earnings and sales. Despite a tough landscape, CAG remains on track with key priorities.
Reiterating a buy call for Conagra Brands shares, especially for income portfolios, with a 4.3% yield and reliable dividend growth. Target entry points and exits are provided, similar to my investing service. Despite recent volume declines and margin pressure, CAG is a value stock with attractive forward EPS and manageable leverage.
Shares of Conagra Brands (CAG) tumbled roughly 10% Wednesday morning after the food maker posted worse-than-expected results as consumers pulled back on spending.
Conagra Brands, Inc. (NYSE:CAG ) Q1 2025 Earnings Conference Call October 2, 2024 9:00 AM ET Company Participants Melissa Napier - Senior Vice President of Investor Relations Sean Connolly - President and Chief Executive Officer David Marberger - Executive Vice President and Chief Financial Officer Conference Call Participants Melissa Napier Good morning. Thank you for listening to our prepared remarks for Conagra Brands First Quarter Earnings.
Consumer packaged goods giant Conagra (CAG, Financial) is facing significant backlash today after missing earnings expectations due to a larger-than-expected year-over-year sales decline in Q1. Known for brands like Slim Jim and Vlasic, Conagra had warned that FY25 would be a transitional year, but the company hasn't missed top and bottom-line estimates since Q3 2020, making today's results particularly surprising.
Although the revenue and EPS for Conagra Brands (CAG) give a sense of how its business performed in the quarter ended August 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Conagra Brands (CAG) came out with quarterly earnings of $0.53 per share, missing the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.66 per share a year ago.
The packaged-food company posts quarterly earnings that missed analysts' estimates.
Conagra Brands reported first-quarter sales on Wednesday that missed analysts' estimates as budget-conscious consumers prioritized shopping for lower-priced alternatives over the company's higher-priced pantry staples.