Conagra Brands, Inc. (NYSE:CAG) Q1 2025 Earnings Q&A Conference Call October 2, 2024 9:30 AM ET Company Participants Melissa Napier - Senior Vice President of Investor Relations Sean Connolly - President and Chief Executive Officer David Marberger - Executive Vice President and Chief Financial Officer Conference Call Participants Kenneth Goldman - JPMorgan Chase & Co. Andrew Lazar - Barclays Bank PLC Alexia Howard - Sanford C. Bernstein & Co. Leah Jordan - Goldman Sachs Group, Inc. Nik Modi - RBC Capital Ma ...

Conagra Brands (CAG, Financial) experienced a significant movement today, with its stock price falling by 9.95% to $29.465. This decline follows a disappointing earnings report for fiscal Q1 2025.For fiscal Q1 2025, analysts had forecasted Conagra to earn $0.59 per share on sales exceeding $2.8 billion. However, the company reported earnings of just $0.53 per share, with sales falling slightly short of the $2.8 billion mark.Q1 saw sales decrease by 4% and operating profit margins drop nearly 250 basis point ...

Shares of Conagra Brands Inc (CAG, Financial) fell 9.29% in mid-day trading on Oct 2. The stock reached an intraday low of $29.38, before recovering slightly to $29.68, down from its previous close of $32.72. This places CAG 10.71% below its 52-week high of $33.24 and 17.97% above its 52-week low of $25.16. Trading volume was 9,084,945 shares, 189.5% of the average daily volume of 4,793,746.Wall Street Analysts ForecastBased on the one-year price targets offered by 15 analysts, the average target price for ...

Conagra Brands, Inc. (CAG) posted soft first-quarter fiscal 2025 results, wherein the bottom and top lines declined year over year and fell short of the respective Zacks Consensus Estimate. Despite the ongoing difficult landscape, Conagra progressed well on its key priorities. Domestic retail volumes met the company’s expectations, market share expanded across the portfolio, and progress was made on portfolio reshaping initiatives.CAG’s Quarterly Performance: Key Metrics and InsightsConagra’s quarterly adju ...

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 ...

CONAGRA • B R A N D S • FY25 Q1 Earnings Presentation October 2, 2024 1 Legal Disclosure Note on Forward-Looking Statements This document contains forward-looking statements within the meaning of the federal securities laws. Examples of forward-looking statements include statements regarding the company's expected future financial performance or position, results of operations, business strategy, plans and objectives of management for future operations, and other statements that are not historical facts. Yo ...

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 ...