earnings
confidence high
sentiment negative
materiality 0.60
Conagra Q3: net sales $3.0B (-1.7%), adjusted EPS $0.69 (-9.2%), reaffirms FY guidance
CONAGRA BRANDS INC.
2024-Q3 EPS reported
$1.91
revenue$9,145,000,000
- Net sales $3.0B, down 1.7% YoY; organic net sales down 2.0% on volume decline of 1.8%.
- Diluted EPS $0.64 (down 9.9%); adjusted EPS $0.69 (down 9.2%).
- Refrigerated & Frozen segment sales down 8.1% (vol -3.3%, price/mix -4.8%).
- Adjusted operating margin guidance raised to ~15.8%; organic sales and adj. EPS guidance reaffirmed.
- Paid quarterly dividend of $0.35 per share.