Conagra(CAG)
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Why This Consumer Staples Stock is a Smart Buy Despite Headwinds
MarketBeat· 2024-07-12 11:06
Conagra Brands NYSE: CAG is a North American food industry leader and is considered part of the consumer staples sector. Conagra Brands’ earnings report for the fourth quarter of 2024 shows evidence of a company that continues to navigate a challenging and shifting consumer landscape. Get Conagra Brands alerts:Conagra Brands Q4 and Fiscal Year 2024 Financial PerformanceConagra Brands TodayCAGConagra Brands$28.37 -0.44 (-1.53%) 52-Week Range$25.16▼$33.60Dividend Yield4.93%P/E Ratio14.26Price Target$32.38Add ...
Conagra Brands: Buy This Recession-Resilient Bargain For A 5% Yield
Seeking Alpha· 2024-07-12 05:00
TommL Conagra Brands (NYSE:CAG) is a manufacturer of food products and it owns many well-known brands which include household names like: Duncan Hines, Gardein, Swiss Miss, Healthy Choice, Log Cabin, Slim Jim, Hebrew National, Wesson, Hunt's, Orville Redenbacher's, Chef Boyardee, Libby's, Jiffy Pop, Mrs. Butterworth's, and more. It also offers private label foods which are sold by major grocery stores. My last article on Conagra was way back in 2014, and I suggested it was worth buying after a sharp pul ...
Conagra(CAG) - 2024 Q4 - Annual Report
2024-07-11 20:30
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended May 26, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 1-7275 CONAGRA BRANDS, INC. (Exact name of registrant as specified in its charter) Delaware 47-0248710 (State or other jurisd ...
Why Conagra Stock Is Falling Today
The Motley Fool· 2024-07-11 18:50
Strain on the consumer is eating into its growth.Packaged-foods company Conagra Brands (CAG -1.72%) had a mixed quarter and provided disappointing guidance for its new fiscal year. Investors reacted by sending shares of Conagra down as much as 5%, before they rallied to be down only 2% as of 1:30 p.m. ET on Thursday.Price inflation is eating into salesConagra -- whose brands include Birds Eye, Duncan Hines, Healthy Choice, Slim Jim, and Reddi-wip -- reported adjusted earnings of $0.61 per share in its fisca ...
Conagra (CAG) Q4 Earnings Top Despite Soft Consumption Trends
ZACKS· 2024-07-11 18:01
Conagra Brands, Inc. (CAG) delivered fourth-quarter fiscal 2024 results, wherein the bottom and top lines declined year over year and the latter missed the Zacks Consensus Estimate. The company continued to witness challenging industry trends, including a slowdown in consumption. Shares of the company lost more than 2% in the pre-market trading session on Jul 11.However, Conagra’s strategic investments in brands have proven effective, leading to volume improvements in its Domestic Retail business, especiall ...
Conagra Brands Stock Falls as it Warns About a Challenging Consumer Environment
Investopedia· 2024-07-11 17:00
Key TakeawaysConagra Brands gave a disappointing fiscal 2025 outlook, citing a tough consumer environment.The processed food company said it expects the consumer to remain challenged in the fiscal year ahead.Conagra posted better-than-expected profit in its fiscal 2024 fourth quarter, although revenue declined. Conagra Brands (CAG) shares fell Thursday as the processed food giant gave weaker-than-expected guidance amid what it called a “difficult consumer environment.” The provider of brands such as Birds E ...
Conagra Brands (CAG) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKS· 2024-07-11 15:30
Conagra Brands (CAG) reported $2.91 billion in revenue for the quarter ended May 2024, representing a year-over-year decline of 2.3%. EPS of $0.61 for the same period compares to $0.62 a year ago.The reported revenue represents a surprise of -1.13% over the Zacks Consensus Estimate of $2.94 billion. With the consensus EPS estimate being $0.56, the EPS surprise was +8.93%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ex ...
Conagra(CAG) - 2024 Q4 - Earnings Call Transcript
2024-07-11 14:26
Conagra Brands, Inc. (NYSE:CAG) Q4 2024 Earnings Call Transcript July 11, 2024 8:30 AM ET Company Participants Melissa Napier - SVP of IR Sean Connolly - CEO David Marberger - CFO Operator Good morning. This is Melissa Napier from Conagra Brands. Thank you for listening to our prepared remarks on Conagra Brand’s Fourth Quarter and Fiscal Year 2024 Earnings. At 9:30 AM eastern this morning, we will hold a separate live question-and-answer session on today's results, which you can access via webcast on our In ...
Conagra(CAG) - 2024 Q4 - Earnings Call Presentation
2024-07-11 13:50
FY24 Q4 Earnings Presentation July 11, 2024 1 Legal Disclosure Note on Forward-Looking Statements This document contains forward-looking statements within the meaning of the federal securities laws. These forward-looking statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Readers of this document should understand that these statements are not guarantees of performance or results. Many factors could affect our actual financial results and ca ...
Conagra Brands (CAG) Q4 Earnings Surpass Estimates
ZACKS· 2024-07-11 13:41
Conagra Brands (CAG) came out with quarterly earnings of $0.61 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.62 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.93%. A quarter ago, it was expected that this company would post earnings of $0.64 per share when it actually produced earnings of $0.69, delivering a surprise of 7.81%.Over the last four quarters, the company has ...