secwatch.observer — SEC 8-K summary
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Issuer:     CONAGRA BRANDS INC. (CAG)
CIK:        0000023217
Form:       8-K
Filed at:   2024-10-02T23:59:59+00:00
Accession:  0001558370-24-013121
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Conagra Q1 adj. EPS down 19.7%; organic sales -3.5%; reaffirms FY2025 guidance
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- Reported net sales $2.8B, -3.8%; organic net sales -3.5%; volume -1.6%, price/mix -1.9%.
- Adjusted diluted EPS $0.53 vs $0.66 prior year, -19.7%; GAAP EPS $0.97 includes $210.4M tax benefit.
- Hebrew National manufacturing disruptions impacted Q1 sales by ~$27M and gross profit by ~$11M.
- Reaffirms FY2025 guidance: organic net sales (-1.5%) to flat, adj. EPS $2.60-$2.65, adj. operating margin 15.6%-15.8%.
- Net debt $8.6B, net leverage 3.60x; share repurchases of $64M in quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/23217/000155837024013121/0001558370-24-013121-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23217/000155837024013121/tmb-20241002x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-013121

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