Here's What Key Metrics Tell Us About Conagra Brands (CAG) Q3 Earnings

Core Insights - Conagra Brands reported revenue of $2.84 billion for the quarter ended February 2025, a decrease of 6.3% year-over-year, and EPS of $0.51, down from $0.69 in the same quarter last year [1] - The revenue fell short of the Zacks Consensus Estimate of $2.89 billion, resulting in a surprise of -1.67%, while the EPS also missed the consensus estimate of $0.52 by -1.92% [1] Financial Performance Metrics - Price/Mix for Grocery and Snacks decreased by 2.6%, worse than the estimated -1.3% [4] - Price/Mix for Foodservice increased by 3.7%, exceeding the estimated 2.4% [4] - Organic Volume for Foodservice declined by 10%, significantly worse than the estimated -2.1% [4] - Price/Mix for International increased by 4.4%, surpassing the estimated 1.4% [4] - Organic Volume for International decreased by 5.6%, worse than the estimated -0.3% [4] - Price/Mix for Refrigerated and Frozen decreased by 4.2%, compared to the estimated -3% [4] - Organic Volume for Refrigerated and Frozen declined by 3%, worse than the estimated -2.3% [4] - Organic Volume for Grocery and Snacks decreased by 1.3%, compared to the estimated 0.5% [4] Sales Performance - Sales for Grocery & Snacks were reported at $1.25 billion, below the estimated $1.29 billion, representing a year-over-year decline of 3.2% [4] - Sales for Foodservice were $256.10 million, compared to the average estimate of $273.70 million, reflecting a year-over-year change of -6.1% [4] - Sales for International were $223.90 million, below the estimated $242.41 million, indicating a year-over-year decline of 17.6% [4] - Sales for Refrigerated & Frozen were reported at $1.12 billion, slightly below the estimated $1.14 billion, representing a year-over-year decline of 7.2% [4] Stock Performance - Conagra Brands' shares returned +3.9% over the past month, contrasting with the Zacks S&P 500 composite's -4.7% change [3] - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the broader market in the near term [3]