secwatch.observer — SEC 8-K summary
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Issuer:     CONAGRA BRANDS INC. (CAG)
CIK:        0000023217
Form:       8-K
Filed at:   2024-07-11T23:59:59+00:00
Accession:  0001558370-24-009749
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Conagra Q4 reports $1.18 loss per share on $957M impairment; adjusted EPS $0.61; FY2025 guidance issued
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/23217/000155837024009749/0001558370-24-009749-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23217/000155837024009749/tmb-20240711x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-009749

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