earnings
confidence high
sentiment negative
materiality 0.80
Conagra Q4 reports $1.18 loss per share on $957M impairment; adjusted EPS $0.61; FY2025 guidance issued
CONAGRA BRANDS INC.
2024-FY EPS reported
$0.72
revenue$12,050,900,000
- Q4 reported net sales down 2.3% to $2.9B; reported diluted EPS loss of $1.18, adjusted EPS $0.61.
- Full year FY2024 net sales $12.1B (-1.8%), reported EPS $0.72 (down 49.3%), adjusted EPS $2.67 (down 3.6%).
- Recorded $957M non-cash goodwill and brand impairment charges in Q4, driving reported operating margin negative.
- Board maintains quarterly dividend at $0.35/share ($1.40 annualized); payable Aug 29, record Aug 1.
- FY2025 guidance: organic net sales (1.5%) to flat, adjusted EPS $2.60-$2.65, adjusted operating margin 15.6%-15.8%.