Conagra Brands Inc. CAG-0.83% shares are down 2% in premarket trades after fiscal third-quarter earnings missed Wall Street's estimates as the food giant tackles a supply issue.
The maker of Slim Jims and Healthy Choice frozen meals posted a profit of $145.1 million, or 30 cents a share, for the quarter ended Feb. 23. That's down from $308.6 million, or 64 cents a share, in the same period a year earlier.
Conagra Brands missed Wall Street expectations for third-quarter sales on Thursday, as supply-chain disruptions in frozen food and refrigerated business hurt its ability to meet demand.
Conagra Brands, Inc. CAG will release its third-quarter earnings results before the opening bell on Thursday, April 3.
Conagra Brands, Inc. CAG will release its third-quarter earnings results before the opening bell on Thursday, April 3.
CAG's Q3 results are likely to reflect the adverse impact of operational challenges, including supply chain disruptions and the impact of foreign exchange.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Conagra Brands (CAG), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended February 2025.
Conagra Brands (CAG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Conagra Brands has continued to face increasing pressures, including inflation, weight loss trends, and regulatory pressures. The company has cut its earnings outlook for FY 2025 on the back of these headwinds. Despite challenges, Conagra's valuation is attractive, with a dividend yield of around 5.5%.
Conagra Brands has struggled since spinning off Lamb Weston, with shares down 35% over the past eight years. Conagra's stock has entered deep value territory, trading at just 10x forward earnings while offering a 5.8% dividend yield. The company has struggled to grow revenues and is facing operational challenges, but the current price now reflects those headwinds.
The market didn't find the stock of Conagra Brands (CAG -5.46%) very tasty on the first trading day of the week after the holiday weekend. On the back of significantly lowered guidance, investors collectively traded out of the veteran packaged foods company to the point where the shares lost almost 6% of their value.