Wall Street analysts expect Conagra Brands (CAG) to post quarterly earnings of $0.59 per share in its upcoming report, which indicates a year-over-year decline of 10.6%. Revenues are expected to be $2.84 billion, down 2.2% from the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Before a company reveals its earnings, it is vital to tak ...

Conagra Brands (CAG) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended August 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 2. ...

Conagra Brands, Inc. (CAG) has seen its shares gain 12.3% in the past three months compared with the industry’s 7% growth. The branded consumer foods company has also surpassed the broader Zacks Consumer Staples sector and the S&P 500’s respective growth of 7.6% and 0.1%.Although Conagra Brands has outpaced the industry and market at large, this momentum masks underlying headwinds that could weigh on its performance. The company is grappling with elevated costs as well as challenging industry trends includi ...

CHICAGO, Sept. 4, 2024 /PRNewswire/ -- Conagra Brands, Inc. (NYSE: CAG) will release its fiscal 2025 first quarter results on Wednesday, October 2, 2024. A press release and supplemental materials, including pre-recorded remarks, will be issued that morning prior to a 30-minute live question-and-answer session with the investment community at 9:30 a.m. ET.The pre-recorded remarks, transcript, press release, presentation slides, and live audio Q&A can be accessed at conagrabrands.com/investor-relations under ...

sfe-co2/iStock via Getty Images Investment Thesis Conagra Brands (NYSE:CAG) is a holding company that deals with the production and packaging of various food products. The company is investing heavily to strengthen its product portfolio. In fact, on August 9th, Conagra Brands expanded its portfolio by acquiring Sweetwood Smoke & Co., the maker of the premium FATTY Smoked Meat Sticks brand. In addition to this, Conagra Brands has announced several new product launches to be made during the summer of 2024 ...

Conagra Brands, Inc. (CAG) remains focused on transforming into a branded, pure-play consumer packaged goods food organization. The company looks forward to enlarging its food businesses, buoyed by innovation and organic growth, along with expansion into adjacent categories, comprising acquisitions. It has also been making divestitures to boost its overall portfolio.In the latest development, the company revealed that it has concluded its earlier announced transaction regarding the divestiture of its 51.8% ...

CHICAGO, Aug. 28, 2024 /PRNewswire/ -- Today Conagra Brands, Inc. (NYSE: CAG) announced that all conditions for the previously announced sale by one of its subsidiaries of its 51.8% ownership stake in Agro Tech Foods Limited (ATFL), a food company based in India, have been fulfilled and the transaction has been completed. This transaction is the latest step in Conagra's strategy to continuously reshape its portfolio to maximize shareholder value. Effective with the sale, Conagra Brands no longer consolidate ...

Core Insights - Conagra Brands, Inc. is facing challenging industry trends, including a slowdown in consumption, which is reflected in its fourth-quarter fiscal 2024 results and guidance for fiscal 2025 [1][3][6] - The company has been making significant brand-building investments, which are essential for long-term growth but may negatively impact short-term profitability [1][5] Financial Performance - The Zacks Consensus Estimate for the current quarter and fiscal year earnings per share has decreased by one cent to 59 cents and $2.62, respectively [2] - The consensus estimate for the next fiscal EPS has also been revised down from $2.73 to $2.70 [2] - In the fourth quarter of fiscal 2024, Conagra's organic sales fell by 2.4% due to a 1.8% year-over-year volume drop [3] - The Foodservice unit reported a 3.9% decline in organic sales to $291.4 million, with volumes down 10.3% [4] Market Trends - Industry-wide macroeconomic challenges have negatively affected consumer purchasing patterns, leading to an anticipated organic net sales growth of a decline between 1.5% to flat for fiscal 2025 [3] - Management expects first-quarter volumes to be the lowest, with improvements expected later in the year [3] Cost and Investment Outlook - Conagra has been experiencing cost inflation, although the trend has been moderating recently [5] - The adjusted gross margin in the fourth quarter was impacted by inflated costs, soft organic sales, and adverse operating leverage [5] - For fiscal 2025, the company anticipates an adjusted EPS in the range of $2.60-$2.65, down from $2.67 in fiscal 2024 [5] Competitive Position - Despite recent market share gains in key categories like frozen foods and snacks, Conagra faces significant challenges from broader industry headwinds and consumption slowdowns [6] - The company's ability to stabilize consumption trends and manage cost pressures will be crucial for its performance in the upcoming fiscal year [7]

On Wall Street, question marks over the health of the economy have increased as many sectors struggle to maintain stability. However, consumer stocks — especially those related to essential goods — often exhibit resilience during such volatility. Companies that provide everyday products, such as food and beverages, are particularly well-positioned to weather economic downturns.For instance, since January, the S&P 500 Consumer Staples index has gained over 11%. Many of these consumer stocks have gained as th ...

Conagra Brands, Inc. (CAG) , a leading snacks, frozen foods and alternative-protein supplier, recently unveiled a deal to acquire Sweetwood Smoke & Co, maker of FATTY Smoked Meat Sticks. This move appears apt, given the growing trend in the snacking industry, as consumers increasingly seek high-protein, on-the-go options.Inside the HeadlinesConagra Brands' acquisition of Sweetwood Smoke & Co. is a strategic move as part of its portfolio optimization strategy aimed at speeding up growth. This acquisition not ...