ConAgra Brands (CAG) Tops Q1 EPS by 13c, Offers Q2 Offers Q2 and FY Guidance

ConAgra Brands (NYSE: CAG) reported Q1 EPS of $0.70, $0.13 better than the analyst estimate of $0.57. Revenue for the quarter came in at $2.7 billion versus the consensus estimate of $2.61 billion.

GUIDANCE:

ConAgra Brands sees Q2 2021 EPS of $0.70-$0.74, versus the consensus of $0.71.

• Organic net sales growth of +6% to +8%
• Adjusted operating margin of 18.0% to 18.5%

ConAgra Brands sees FY2021 EPS of $2.66-$2.76, versus the consensus of $2.39.

• Organic net sales growth (3-year CAGR ending fiscal 2022) of +1% to +2%
• Adjusted operating margin of 18% to 19%
• Free cash flow conversion (percentage of adjusted net income 3-year average) of 95%+

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

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