Conagra: EPS down 20% in Q1

(CercleFinance.com) - Conagra Brands reports adjusted EPS down 19.
7% to $0.53 for its first quarter 2024-25, as well as an adjusted operating margin down 2.4 points to 14.2% on revenues down 3.8% to $2.79 billion.

In organic terms, revenues were down 3.5% due to a 1.9% negative price/mix impact, mainly linked to the food group's strategic investments during the quarter, and a 1.6% decline in volumes.

Conagra confirms its target ranges for FY 2024-25 of $2.60 to $2.65 for adjusted EPS, 15.6% to 15.8% for adjusted operating margin, and -1.5% to 0% for organic revenue growth.

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