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.
With rate cuts beginning as we enter the final quarter of the year, it is time for a review of how my “top picks” are performing for the year. These were originally chosen as they were choices from beaten-down sectors heading into the year, but I feel they can still be choices to hold for the long run as well. We are also giving a look to see if they are still worth accumulating at this point or if they've become a bit pricey as they've been delivering some upside.
Conagra Brands, Inc.'s Grocery & Snacks and Refrigerated & Frozen segments are the main drivers of revenue and adjusted EBIT performance. My analysis focuses mainly on the revenue dynamics of these units. Revenues are pressured by volume and pricing pressures, present across all major segments. Volume growth in Frozen is driven by pricing reductions, which contradicts management's pricing outlook for FY25. Conagra's execution is patchy; the company has missed on revenue results and also lowered guidance expectations. Management has warned that Q1 FY25 is seasonally weak. I'm looking for optimism in Q2.
Get a deeper insight into the potential performance of Conagra Brands (CAG) for the quarter ended August 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
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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CAG is troubled by sluggish consumption trends and elevated costs, while Conagra Brands' solid brands and frozen category strength have been aiding.
Conagra Brands recently announced the launch of new products and the acquisition of Sweetwood Smoke & Co. This strategy will update the portfolio of products offered by the company, which could lead to an increase in sales in the coming period. CAG is quite solid, although it shows some red flags to take into account.
Conagra announces the completion of the divestiture of its 51.8% ownership stake in Agro Tech Foods that is set to enhance its portfolio.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.