secwatch.observer — SEC 8-K summary
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Issuer:     CONAGRA BRANDS INC. (CAG)
CIK:        0000023217
Form:       8-K
Filed at:   2023-10-05T23:59:59+00:00
Accession:  0001437749-23-027741
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Conagra Q1 adjusted EPS $0.66, +15.8% YoY; reaffirms FY2024 outlook
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- Net sales flat at $2.9B; organic net sales -0.3% (volume -6.6%, price/mix +6.3%).
- Diluted EPS $0.67 vs loss of $0.16 prior year; adjusted EPS $0.66 (+15.8%).
- Adjusted gross margin +272 bps to 27.6%; adjusted operating margin +297 bps to 16.7%.
- Segment adjusted operating profit growth: Grocery & Snacks +3.8%, Refrig/Frozen +14.7%, International +57.8%, Foodservice +87.5%.
- Reaffirmed FY2024: adj. EPS $2.70-$2.75, adj. op. margin 16.0-16.5%, organic sales growth ~1%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/23217/000143774923027741/0001437749-23-027741-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23217/000143774923027741/cag20230714_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-027741

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