earnings
confidence high
sentiment negative
materiality 0.75
Conagra Q3 adjusted EPS $0.69, down 9.2%; FY guidance reaffirmed
CONAGRA BRANDS INC.
2024-Q3 EPS reported
$1.91
revenue$9,145,000,000
- Net sales $3.0B, down 1.7% vs prior year; organic net sales down 2.0%.
- Diluted EPS $0.64 (-9.9%); adjusted EPS $0.69 (-9.2%).
- Grocery & Snacks net sales +3.4%; Refrigerated & Frozen -8.1%.
- Raising FY2024 adj. operating margin guidance to ~15.8%; reaffirming adj. EPS $2.60-$2.65.
- Paid quarterly dividend of $0.35 per share.