ConAgra Brands (CAG) Tops Q4 EPS by 4c, EPS Guidance Misses
ConAgra Brands (NYSE: CAG) reported Q4 EPS of $0.61, $0.04 better than the analyst estimate of $0.57. Revenue for the quarter came in at $2.91 billion versus the consensus estimate of $2.93 billion.
GUIDANCE:
ConAgra Brands sees FY2025 EPS of $2.60-$2.65, versus the consensus of $2.69.
- Organic net sales of (1.5)% to flat compared to fiscal 2024
- Adjusted operating margin between 15.6% and 15.8%
- Adjusted EPS between $2.60 and $2.65
- Free cash flow conversion of ~90%
- Net Leverage Ratio of approximately 3.2x
- Capital expenditures of approximately $500M
- Interest expense of approximately $415M
- Adjusted effective tax rate of approximately 23.5%
- Contribution from the company's joint venture, Ardent Mills, is expected to be approximately $150M
- Pension income of approximately $12M
- The company also expects cost of goods sold inflation to continue into fiscal 2025. Guidance anticipates net inflation (input cost inflation including the impacts of hedging and other sourcing benefits) to be roughly 3%.
For earnings history and earnings-related data on ConAgra Brands (CAG) click here.
