Conagra Brands, Inc. (NYSE: CAG ) is a major food supplier to supermarkets and consumers. We last suggested a buy at the start of the year when shares were around $28, for income . WePay yourself dividends with outsized returnsGet more with our playbook to significantly grow your wealth by embracing a blended trading and investing approach at our one-stop shop.Our prices go up November 1st, but right now we have a big sale on the current price. Join NOW and you can lock in 75% of savings versus the $1,668 s ...

Financial Data and Key Metrics Changes - The company reported adjusted EPS of $0.53 for Q1 fiscal 2025, down from $0.66 in the prior year, primarily due to a decline in adjusted operating profit and unfavorable foreign exchange rates [26][28] - Adjusted operating margin decreased by 244 basis points year-over-year to 14.2%, impacted by price/mix dynamics, increased cost of goods sold inflation of 3.3%, and higher SG&A expenses [24][25] Business Line Data and Key Metrics Changes - Grocery and Snacks segment delivered organic net sales of approximately $1.2 billion, a decline of 1.9% year-over-year, primarily due to lower volumes [22] - Refrigerated and Frozen segment reported approximately $1.1 billion in net sales, down 5.7% from the prior year, with a significant impact from the Hebrew National manufacturing disruption [22][23] - The International segment achieved a 3% increase in organic net sales, driven by strong performance in Global Exports [23] Market Data and Key Metrics Changes - The company experienced a 47% decline in revenue for the Hebrew National brand in Q1 due to a manufacturing disruption, which equated to a 60 basis point reduction in total volume and a 90 basis point reduction in total organic net sales [8][21] - Approximately 71% of the company's portfolio held or gained volume share, with 93% of frozen and snack brands holding or gaining volume share during the quarter [11][12] Company Strategy and Development Direction - The company is focused on a value-over-volume strategy in Foodservice, which has helped sustain margins at pre-COVID levels despite channel softness [7] - The acquisition of FATTY Smoked Meat Sticks is part of the company's portfolio reshaping initiatives, aimed at expanding its position in the high-growth, high-margin meat sticks category [7][19] - The company plans to continue active portfolio reshaping through both acquisitions and divestitures to position itself for further growth and margin expansion [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving fiscal 2025 goals despite challenges in the consumer environment, citing strong execution against key priorities [6][20] - The company expects sequential volume recovery each quarter and anticipates adjusted operating margin improvement to be greater in the second half of fiscal 2025 [28][29] Other Important Information - The company generated $269 million in net cash flows from operating activities in Q1, with capital expenditures of $133 million and dividends paid of $167 million [27] - The company reaffirmed its full-year fiscal 2025 guidance, expecting inflation of approximately 3.2% in total cost of goods sold, up from the previously projected 3% [29][30] Q&A Session Summary Question: What are the expectations for volume recovery in fiscal 2025? - Management expects sequential volume recovery each quarter, with improvement in volume, topline, and margin compared to Q1 [28] Question: How is the company addressing inflationary pressures? - The company is forecasting full-year inflation of approximately 3.2% in total cost of goods sold, primarily driven by proteins and sweeteners, while seeing deflation in select areas [29] Question: What impact do the recent acquisitions have on the company's financials? - The company does not expect any material impact on fiscal 2025 margin or adjusted EPS from the first quarter M&A transactions, but anticipates a decrease in overall reported net sales of approximately $30 million for the remainder of the fiscal year [29]

Consumer packaged goods giant Conagra (CAG, Financial) is facing significant backlash today after missing earnings expectations due to a larger-than-expected year-over-year sales decline in Q1. Known for brands like Slim Jim and Vlasic, Conagra had warned that FY25 would be a transitional year, but the company hasn't missed top and bottom-line estimates since Q3 2020, making today's results particularly surprising. What happened? Conagra experienced a manufacturing disruption, halting production at its Hebr ...

Conagra Brands (CAG) reported $2.79 billion in revenue for the quarter ended August 2024, representing a year-over-year decline of 3.8%. EPS of $0.53 for the same period compares to $0.66 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.84 billion, representing a surprise of -1.57%. The company delivered an EPS surprise of -10.17%, with the consensus EPS estimate being $0.59.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall St ...

Financial Performance - Conagra's Q1 Organic Net Sales decreased by 3.5% to $2,801 million[49] - Adjusted Gross Margin decreased by 163 bps to 26.0%[49] - Adjusted Operating Margin decreased by 244 bps to 14.2%[49] - Adjusted EPS decreased by 19.7% to $0.53[49] Segment Performance - Grocery & Snacks organic net sales decreased by 1.9% to $1,183 million[50] - Refrigerated & Frozen organic net sales decreased by 5.7% to $1,086 million[50] - International organic net sales increased by 3.0% to $259 million[50] - Foodservice organic net sales decreased by 7.9% to $267 million[50] Guidance and Expectations - Conagra reaffirms fiscal year 2025 guidance for organic net sales growth of (1.5)% to flat, adjusted operating margin of 15.6% to 15.8%, and adjusted EPS of $2.60 to $2.65[46] - The company expects full year net inflation at approximately 3.2% with the peak expected in Q2[62] - The company anticipates volume and margin recovery to be most meaningful in the second half of the fiscal year[62]

Conagra Brands (CAG) came out with quarterly earnings of $0.53 per share, missing the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.66 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -10.17%. A quarter ago, it was expected that this company would post earnings of $0.56 per share when it actually produced earnings of $0.61, delivering a surprise of 8.93%.Over the last four quarters, the company ha ...

Conagra Brands (CAG) Q1 2025 Earnings Call October 02, 2024 07:00 AM ET Speaker0Good morning. Thank you for listening to our prepared remarks for Conagra Brands' first quarter earnings. At 09:30 Eastern Time this morning, we will hold a separate live question and answer session on today's results, which you can access via webcast on our Investor Relations website. Our press release, presentation materials and a transcript of these prepared remarks are also available there. I'm joined this morning by Sean Co ...

Exhibit 99.1 News Release For more information, please contact: MEDIA: Mike Cummins 312-549-5257 Michael.Cummins@conagra.com INVESTORS: Melissa Napier 312-549-5738 IR@conagra.com F O R I M M E D I A T E R E L E A S E CONAGRA BRANDS REPORTS FIRST QUARTER RESULTS CHICAGO, October 2, 2024 — Today Conagra Brands, Inc. (NYSE: CAG) reported results for the first quarter of fiscal year 2025, which ended on August 25, 2024. All comparisons are against the prior-year fiscal period, unless otherwise noted. Highlights ...

CHICAGO, Oct. 2, 2024 /PRNewswire/ -- Today Conagra Brands, Inc. (NYSE: CAG) reported results for the first quarter of fiscal year 2025, which ended on August 25, 2024. All comparisons are against the prior-year fiscal period, unless otherwise noted.HighlightsReported net sales decreased 3.8%; organic net sales decreased 3.5%.Reported operating margin was 14.4% representing a 247 basis point decrease. Adjusted operating margin was 14.2% representing a 244 basis point decrease.Reported diluted earnings per s ...

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