Conagra Brands, Inc. (NYSE: CAG) Earnings Overview

Core Insights - Conagra Brands, Inc. reported an earnings per share (EPS) of $0.45, exceeding the estimated $0.43, but reflecting a decline from $0.70 in the same quarter last year [2][6] - The company's revenue for the quarter was approximately $2.98 billion, slightly below the estimated $2.97 billion, marking a 6.8% decline from $3.2 billion in the previous year [3][6] - Despite the revenue shortfall, the CEO expressed confidence in the company's strategic direction, emphasizing innovation and increased investments to drive future growth [4][6] Financial Metrics - Conagra has a price-to-earnings (P/E) ratio of approximately 9.69, indicating market valuation of its earnings [5] - The price-to-sales ratio is about 0.72, suggesting the stock is valued at less than its annual sales [5] - The debt-to-equity ratio stands at approximately 0.93, reflecting the company's leverage level relative to its equity [5]