ConAgra Brands (CAG) Tops Q2 EPS by 8c, Offers Guidance

ConAgra Brands (NYSE: CAG) reported Q2 EPS of $0.81, $0.08 better than the analyst estimate of $0.73. Revenue for the quarter came in at $3 billion versus the consensus estimate of $2.99 billion.

GUIDANCE:

ConAgra Brands sees Q3 2021 EPS of $0.56-$0.60, versus the consensus of $0.56.

• Organic net sales growth of +6% to +8%
• Adjusted operating margin of 16.0% to 16.5%

ConAgra Brands sees FY2021 EPS of $2.66-$2.76, versus the consensus of $2.52.

• Organic net sales growth (3-year CAGR ending fiscal 2022) of +1% to +2%
• Adjusted operating margin of 18% to 19%

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

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