earnings
confidence high
sentiment neutral
materiality 0.85
Conagra Q4 adj EPS up 20.4% to $0.65; full-year EPS down 30.8%; guides FY23 adj EPS growth 1-5%
CONAGRA BRANDS INC.
2022-FY EPS reported
$1.84
revenue$11,535,900,000
- Q4 net sales +6.2% to $2.9B; organic net sales +6.8% driven by price/mix +13.2% offset by volume -6.4%.
- Q4 diluted EPS $0.33 (down 48.4% YoY); adjusted EPS $0.65 (up 20.4% YoY).
- Full-year FY22 net sales +3.1% to $11.5B; diluted EPS $1.84 (down 30.8%); adjusted EPS $2.36 (down 10.6%).
- FY23 guidance: organic net sales growth 4-5%; adj operating margin ~15%; adj EPS growth 1-5%.
- Grocery & Snacks adj operating profit +17%; Refrigerated & Frozen adj op profit -6.4%; Foodservice +53%; International -25.7%.