Conagra: Q3 adjusted EPS up by a quarter
(CercleFinance.com) - Conagra Brands, which includes the iconic Birds Eye brand, reported Q3 adjusted EPS that is up 25.
5% at 0.59 dollar, in line with its own forecast range and analysts' expectations.
The food group's adjusted operating margin increased by 31 basis points, on net sales that rose by 8.5% to 2.8 billion dollars (+9.7% in organic terms, of which +6.1% in volumes).
For Q4 2020-21, Conagra said that it expects adjusted EPS of 0.49 to 0.55 dollar, an adjusted operating margin of between 14% and 15%, with its organic net sales set to decline by between 10% and 12%.
Copyright (c) 2021 CercleFinance.com. All rights reserved.
5% at 0.59 dollar, in line with its own forecast range and analysts' expectations.
The food group's adjusted operating margin increased by 31 basis points, on net sales that rose by 8.5% to 2.8 billion dollars (+9.7% in organic terms, of which +6.1% in volumes).
For Q4 2020-21, Conagra said that it expects adjusted EPS of 0.49 to 0.55 dollar, an adjusted operating margin of between 14% and 15%, with its organic net sales set to decline by between 10% and 12%.
Copyright (c) 2021 CercleFinance.com. All rights reserved.