Conagra(US:CAG)2024-10-02 13:41Financial Performance - Conagra's Q1 Organic Net Sales decreased by 3.5% to $2,801 million[49] - Adjusted Gross Margin decreased by 163 bps to 26.0%[49] - Adjusted Operating Margin decreased by 244 bps to 14.2%[49] - Adjusted EPS decreased by 19.7% to $0.53[49] Segment Performance - Grocery & Snacks organic net sales decreased by 1.9% to $1,183 million[50] - Refrigerated & Frozen organic net sales decreased by 5.7% to $1,086 million[50] - International organic net sales increased by 3.0% to $259 million[50] - Foodservice organic net sales decreased by 7.9% to $267 million[50] Guidance and Expectations - Conagra reaffirms fiscal year 2025 guidance for organic net sales growth of (1.5)% to flat, adjusted operating margin of 15.6% to 15.8%, and adjusted EPS of $2.60 to $2.65[46] - The company expects full year net inflation at approximately 3.2% with the peak expected in Q2[62] - The company anticipates volume and margin recovery to be most meaningful in the second half of the fiscal year[62]