Conagra(US:CAG)2024-12-19 14:55Q2 FY25 Performance - Conagra's organic net sales increased by 03% compared to the previous year, reaching $3194 million[53, 58] - Adjusted gross margin was 264%, a decrease of 52 basis points year-over-year[53] - Adjusted operating margin was 153%, a decrease of 57 basis points year-over-year[53] - Adjusted EPS decreased by 14% to $070[53] - Domestic retail organic shipments increased by 10%[14] Segment Performance - Grocery & Snacks net sales increased by 12% organically, reaching $1321 million, with a volume increase of 03% and a price/mix increase of 09%[55] - Refrigerated & Frozen net sales remained flat organically at $1339 million, with a volume increase of 19% but a price/mix decrease of 19%[55] - International net sales decreased by 07% organically to $243 million, with a volume decrease of 24% and a price/mix increase of 17%[55] - Foodservice net sales decreased by 10% organically to $292 million, with a volume decrease of 39% and a price/mix increase of 29%[55] Guidance and Outlook - Fiscal Year 2025 organic net sales growth is expected to be between -15% to flat[48] - Fiscal Year 2025 adjusted operating margin is expected to be approximately 148%[48] - Fiscal Year 2025 adjusted EPS is projected to be in the range of $245 to $250[48] - The company is raising its full-year free cash flow conversion estimate to >100%[82]