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Conagra's (CAG) Q1 Earnings Beat Estimates, Sales Up Y/Y
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Conagra’s quarterly adjusted earnings came in at 43 cents, which surpassed the Zacks Consensus Estimate of 39 cents. However, the figure declined 8.5% year over year. The year-over-year decline was caused by higher outstanding share count, loss of profits from divestitures, increased interest expenses and lower earnings in the Ardent Mills joint venture.
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Conagra generated net sales of $2,390.7 million, which advanced 30.3% year over year but missed the Zacks Consensus Estimate of $2,480 million. Sales growth was driven by contributions from the Pinnacle Foods buyout. However, divestiture of Sold Businesses weighed on sales. Additionally, foreign currency translations hurt sales by 0.1%.
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https://finance.yahoo.com/news/conagras-...01606.html
![[Bild: CAGc1dl1503.png]](https://finviz.com/publish/092619/CAGc1dl1503.png)
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Conagra’s quarterly adjusted earnings came in at 43 cents, which surpassed the Zacks Consensus Estimate of 39 cents. However, the figure declined 8.5% year over year. The year-over-year decline was caused by higher outstanding share count, loss of profits from divestitures, increased interest expenses and lower earnings in the Ardent Mills joint venture.
...
Conagra generated net sales of $2,390.7 million, which advanced 30.3% year over year but missed the Zacks Consensus Estimate of $2,480 million. Sales growth was driven by contributions from the Pinnacle Foods buyout. However, divestiture of Sold Businesses weighed on sales. Additionally, foreign currency translations hurt sales by 0.1%.
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https://finance.yahoo.com/news/conagras-...01606.html
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