F O R I M M E D I A T E R E L E A S E CONAGRA BRANDS REPORTS THIRD QUARTER RESULTS CHICAGO, April 4, 2024 — Today Conagra Brands, Inc. (NYSE: CAG) reported results for the third quarter of fiscal year 2024, which ended on February 25, 2024. All comparisons are against the prior-year fiscal period, unless otherwise noted. 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 Third quar ...

CHICAGO, April 4, 2024 /PRNewswire/ -- Today Conagra Brands, Inc. (NYSE: CAG) reported results for the third quarter of fiscal year 2024, which ended on February 25, 2024. All comparisons are against the prior-year fiscal period, unless otherwise noted.  Third quarter Highlights Net sales decreased 1.7% from the prior year quarter; organic net sales decreased 2.0% Operating margin was 15.5% representing a 33 basis point decrease over the prior year quarter. Adjusted operating margin was 16.4% representing ...

Financial Performance - Organic net sales decreased by 2% compared to the previous year, reaching $3,024 million[11, 48] - Adjusted gross margin improved by 52 bps to 28.7%[11, 45] - Adjusted operating margin decreased by 49 bps to 16.4%[11, 45] - Adjusted EPS decreased by 9.2% to $0.69[11, 45] Cost Savings and Cash Flow - Year-to-date cost savings amounted to 4% of Total Cost of Goods Sold[10, 13] - Year-to-date free cash flow conversion was 124%[10, 59] - Net leverage ratio decreased from 3.65x to 3.44x[39, 57] Segment Performance - Grocery & Snacks net sales increased by 3.4%[48] - Refrigerated & Frozen net sales decreased by 8.1%[48] - International net sales increased by 1%[37, 48] - Foodservice net sales decreased by 1%[37, 48] Investments and Innovation - Increased advertising & promotion (A&P) investment by 6.5%, representing 2.8% of net sales[45] - Conagra's portfolio holding or gaining unit share increased by 12 percentage points to 51.9%[23] Updated Guidance - Organic net sales growth is projected to be between -1% and -2% for fiscal year 2024[41, 60] - Adjusted operating margin is expected to be approximately 15.8% for fiscal year 2024[41, 60] - Adjusted EPS is projected to be between $2.60 and $2.65 for fiscal year 2024[41, 60]

Conagra Brands, Inc. (CAG) is likely to register a top-and-bottom-line decline when it reports third-quarter fiscal 2024 earnings on Apr 4. The Zacks Consensus Estimate for revenues is pegged at $3.01 billion, which suggests a decrease of 2.4% from the prior-year quarter’s reported figure.The consensus mark for quarterly earnings has remained unchanged in the past 30 days at 63 cents per share. This indicates a decline of 17.1% from the year-ago quarter’s reported figure. CAG has a trailing four-quarter ear ...

Wall Street analysts forecast that Conagra Brands (CAG) will report quarterly earnings of $0.63 per share in its upcoming release, pointing to a year-over-year decline of 17.1%. It is anticipated that revenues will amount to $3.01 billion, exhibiting a decline of 2.4% compared to the year-ago quarter.Over the last 30 days, there has been a downward revision of 0.1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of ...

In the turbulent stock market, dangers and uncertainties are high. Investors always look for that hard-to-find mix of growth and stability. These businesses are changing the perception of low-risk investments. They work in various industries, including travel technology, consumer staples, and human resources.The first is a giant of the travel technology industry, especially in the rich markets of Mexico and Brazil. The second one is well known for its expertise in consumer staples. And the third one manages ...

Report Details Continued Progress Across Four Strategic Pillars CHICAGO, March 21, 2024 /PRNewswire/ -- Conagra Brands, Inc. (NYSE: CAG) today announced the publication of its 2023 Citizenship Report, which provides updates on the company's ongoing initiatives within four key focus areas: Good Food, Responsible Sourcing, Better Planet and Stronger Communities. The report encompasses a wide range of environmental and social initiatives that underscore Conagra's position as a leader in the food industry. "The ...

Alistair Berg/DigitalVision via Getty Images This article was coproduced with Leo Nelissen. As some of my longer-term followers may know, I have a background in supply chains. My Master's degree had a focus on purchasing and supply chain management, which has guided me very well in my investing journey. I believe that buying companies that are critical in major supply chains is one of the best methods to build long-term wealth. Personally, I'm invested in oil drillers, midstream companies, healthcare suppli ...

Conagra Brands (CAG) ended the recent trading session at $28.53, demonstrating a +1.42% swing from the preceding day's closing price. The stock outpaced the S&P 500's daily loss of 0.11%. Elsewhere, the Dow gained 0.12%, while the tech-heavy Nasdaq lost 0.41%.The the stock of company has risen by 2.66% in the past month, leading the Consumer Staples sector's gain of 0.25% and undershooting the S&P 500's gain of 2.7%.The investment community will be closely monitoring the performance of Conagra Brands in its ...

JHVEPhoto Investment Thesis Given its historically robust dividend performance and its dividend strength relative to its competitors, as well as its resilience in navigating industry challenges, I believe Conagra Brands (NYSE:CAG) is a good investment opportunity. This is because the stock appears undervalued, and I see an opportunity for solid growth in the medium to long-term. The company's strategic positioning within the sector is strengthened by its significant market share and a history of continu ...