Conagra Q3 EPS $0.71 beats; raises FY2023 adjusted EPS guidance to $2.70-$2.75

CONAGRA BRANDS INC.

2023-Q3 EPS reported $1.34 revenue$9,303,700,000

Q3 net sales $3.1B (+5.9% YoY); organic net sales +6.1%; adjusted EPS $0.76 (+31%).
Operating margin improved 355 bps to 15.9%; adjusted operating margin 16.9% (+321 bps).
Grocery & Snacks net sales +3.7%; Refrigerated & Frozen +5.6%; Foodservice +17.3%.
FY2023 guidance raised: adjusted EPS $2.70-$2.75 (14-17% growth); organic net sales growth 7%-7.5%.
Dividend of $0.33 per share paid in quarter; net leverage ratio ~3.65x.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CONAGRA BRANDS INC. updated its third quarter of fiscal 2023 guidance (raised).

Period: third quarter of fiscal 2023
Guidance: raised
Result: reported results

Exact text from the filing

On April 5, 2023, Conagra Brands, Inc. (the “Company”) issued a press release which contained information on the Company’s third quarter fiscal 2023 financial results.

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CONAGRA BRANDS INC. filing history →

Source: SEC EDGAR

accession 0001437749-23-009426

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