Conagra: Q4 EPS virtually flat

(CercleFinance.com) - Conagra Brands has reported adjusted Q4 2023-24 EPS of $0.
61, compared with $0.62 a year earlier, and an adjusted operating margin that edged up 0.2 point sto 14.8%. NB: pmt -2%.

At $2.91bn, the food group saw its revenues decline by 2.4% in organic terms, a decrease reflecting above all a 1.8% contraction in volumes due to the persistence of weak consumer trends.

With FY adjusted EPS of $2.67 and organic sales down 2.1%, Conagra's target ranges for 2024-25 are $2.60 to $2.65 and -1.5% to 0% respectively.


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