Conagra Brands

Conagra Brands Falls After Mixed Second-Quarter Results

Conagra Brands Inc. (CAG - Get Report)  was falling Thursday after the food packaging company reported mixed fiscal second-quarter results.

The stock was down 11.55% to $25.73 a share. 

Conagra reported adjusted earnings of 67 cents a share in the period vs. analysts' expectations of 56 cents. GAAP EPS was 31 cents. Revenue was $2.38 billion, which missed Wall Street's estimates of $2.41 billion.

The per-share earnings were 22% higher than last year's second quarter. Net sales increased 9.7%, in part because of the acquisition of Pinnacle Foods for $10.9 billion in cash and stock. 

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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

Conagra (CAG) Q4 Earnings & Sales Top Estimates, Rise Y/Y

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Conagra’s quarterly adjusted earnings came in at 75 cents, which surpassed the Zacks Consensus Estimate of 68 cents. Moreover, the figure jumped significantly from adjusted earnings of 36 cents reported in the year-ago quarter. The year-over-year growth can be attributable to increased adjusted net income, which in turn benefited from higher sales volume and the related profit. Adjusted EPS was somewhat affected by greater shares outstanding.

Conagra generated net sales of $3,287.9 million, which advanced 25.8% year over year and beat the Zacks Consensus Estimate of $3,185 million.


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https://finance.yahoo.com/news/conagra-c...01646.html

Conagra (CAG) Q2 Earnings Surpass Estimates, Sales Up Y/Y

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Conagra’s quarterly adjusted earnings came in at 81 cents, which surpassed the Zacks Consensus Estimate of 73 cents. Moreover, the figure jumped 28.6% from the year-ago quarter’s figure. The year-over-year upside can be attributed to increased adjusted net income.

Conagra generated net sales of $2,995.2 million, which advanced 6.2% year over year and beat the Zacks Consensus Estimate of $2,992 million. The year-over-year sales growth was backed by higher organic sales, partly offset by adverse currency movements and the divestiture of Direct Store Delivery (DSD) snacks business, Lender's bagel business, H.K. Anderson business as well as the exit of the private label peanut butter business.  The divestitures are collectively referred to as the Sold Businesses.


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