Conagra Brands Inc

NYSE:CAG   10:45:09 AM EDT
34.33
+0.08 (+0.23%)
Other Pre-Announcement

Conagra Brands Reports Strong FY21 Fourth Quarter And Full-Year Results

Published: 07/13/2021 11:45 GMT
Conagra Brands Inc (CAG) - Conagra Brands Reports Strong FY21 Fourth Quarter and Full-year Results.
Q4 Adjusted Earnings per Share $0.54.
Q4 Earnings per Share $0.64 From Continuing Operations.
Q4 Earnings per Share Estimate $0.52 -- Refinitiv Ibes Data (analyst estimates).
Q4 Sales $2.7 Billion Versus Refinitiv Ibes Estimate of $2.71 Billion.
Q4 Earnings per Share $0.64.
Net Sales for Grocery & Snacks Segment Decreased 26.4% to $1.1 Billion in Quarter.
2022 Organic Net Sales Growth is Expected to Be Approximately Flat Compared to Fiscal 2021.
Board of Directors' Decision to Increase Annual Dividend by 14%.
Net Sales for Refrigerated & Frozen Segment Decreased 12.0% to $1.2 Billion in Quarter.
2022 Adjusted EPS is Expected to Be Approximately $2.50.
Now Expect Fiscal 2022 Input Cost Inflation to Be Materially Higher Than We Anticipated at End of Fiscal Q3.