Conagra Brands Inc

NYSE:CAG   3:59:59 PM EDT
-0.44 (-1.32%)
4:00:00 PM EDT: $32.89 -0.01 (-0.03%)
Other Pre-Announcement

Conagra Brands Inc Reports Solid First Quarter Results

Published: 10/07/2021 11:44 GMT
Conagra Brands Inc (CAG) - Conagra Brands Reports Solid First Quarter Results.
Q1 Adjusted Earnings per Share $0.50.
Q1 Earnings per Share $0.49 From Continuing Operations.
Q1 Earnings per Share Estimate $0.49 -- Refinitiv Ibes Data (analyst estimates).
Q1 Sales $2.7 Billion Versus Refinitiv Ibes Estimate of $2.53 Billion.
Q1 Earnings per Share $0.49.
Reaffirming Its Fiscal 2022 Adjusted EPS Guidance and Updating Its Expected Path to Achieving That Guidance.
Net Sales for Grocery & Snacks Segment Decreased 4.9% to $1.1 Billion in Quarter.
Net Sales for Refrigerated & Frozen Segment Decreased 2.5% to $1.1 Billion in Quarter.
Continues to Experience Elevated Cost of Goods Sold Inflation, Rate of Which Continued to Increase During Q1 of Fiscal 2022.
Continues to Expect Margins to Improve Sequentially Over Remainder of Year.
FY2022 Organic Net Sales Growth is Expected to Be Approximately +1% Versus Prior Guidance of Approximately Flat.
FY2022 Earnings per Share View $2.46 -- Refinitiv Ibes Data (analyst estimates).