ConAgra Brands (CAG) Tops Q1 EPS by 4c, Reaffirms Guidance

September 26, 2019 7:29 AM EDT
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Price: $37.56 -1.49%

Revenue Growth %: +7.7%

Financial Fact:
Net sales: 2.67B

Today's EPS Names:
EVK, HOFV, SOHU, More
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ConAgra Brands (NYSE: CAG) reported Q1 EPS of $0.43, $0.04 better than the analyst estimate of $0.39. Revenue for the quarter came in at $2.39 billion versus the consensus estimate of $2.47 billion.

Fiscal 2020 Outlook:

The Company is reaffirming its fiscal 2020 guidance. Note that organic net sales growth excludes the impact of fiscal 2020's 53rd week. All other metrics include the impact of the 53rd week.

Organic net sales growth of 1.0% to 1.5%
Reported net sales growth of 13.5% to 14.0%
Adjusted operating margin in the range of 16.2% to 16.8%
Adjusted net interest expense of approximately $505 million
Adjusted effective tax rate of 24% to 25%
Average diluted share count of approximately 488 million
Adjusted EPS in the range of $2.08 to $2.18
Free cash flow of approximately $1 billion

For earnings history and earnings-related data on ConAgra Brands (CAG) click here.



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