CAG Stock Recent News

PepsiCo (PEP) falls after revenue miss. Conagra (CAG) also ticks lower after a revenue miss and a downbeat profit outlook.

Conagra Brands, Inc. (NYSE:CAG ) Q4 2024 Earnings Call Transcript July 11, 2024 8:30 AM ET Company Participants Melissa Napier - SVP of IR Sean Connolly - CEO David Marberger - CFO Operator Good morning. This is Melissa Napier from Conagra Brands.

Conagra Brands (CAG) came out with quarterly earnings of $0.61 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.62 per share a year ago.

Shares of Conagra Brands Inc. CAG, +0.24% sank 3.5% toward a four-month low in premarket trading Thursday, after the branded foods company reported fiscal fourth-quarter revenue that fell shy of forecasts and provided a downbeat profit outlook. The company, with brands including Healthy Choice, Boomchickapop, Duncan Hines and Birds Eye, swung to a net loss for the quarter to May 26 of $567.3 million, or $1.18 a share, from net income of $37.5 million, or 8 cents a share, in the same period a year ago.

Conagra Brands forecast annual organic sales below estimates on Thursday as cash-strapped shoppers turned to cheaper alternatives for their at-home meals as high living costs continued to weigh on sales volumes.

CHICAGO , July 11, 2024 /PRNewswire/ -- Today Conagra Brands, Inc. (NYSE: CAG) reported results for the fourth quarter and full year fiscal year 2024, which ended on May 26, 2024. All comparisons are against the prior-year fiscal period, unless otherwise noted.

Jeff Kilburg, CEO of KKM Financial, joins CNBC's 'The Exchange' to discuss three stocks: Pepsi, Conagra, and Delta Airlines.

Conagra Brands, Inc. CAG will release its fiscal 2024 fourth quarter financial results, before the opening bell on Thursday, July 11.

Analysts have a target range of $29 to $34 per share, but I believe the company has a PT of at least $36.5/share, making it a "BUY". Conagra Brands is set to present earnings for 1Q24 in three days, with potential upside for investors. The company has shown improvements in operating profit, net margin, and cost savings, positioning it for future growth.

Conagra Brands' (CAG) fourth-quarter performance is likely to reflect lower volumes due to an industry-wide slowdown in consumption.