ConAgra Brands (CAG) Tops Q3 EPS by 1c, Offers Guidance

ConAgra Brands (NYSE: CAG) reported Q3 EPS of $0.59, $0.01 better than the analyst estimate of $0.58. Revenue for the quarter came in at $2.8 billion versus the consensus estimate of $2.72 billion.

GUIDANCE:

ConAgra Brands sees Q4 2021 EPS of $0.49-$0.55, versus the consensus of $0.51.

The Company is providing guidance for the fourth quarter of fiscal 2021:

• Organic net sales growth is expected in the range of (10)% to (12)%
• Adjusted operating margin is expected in the range of 14% to 15%
• Adjusted EPS is expected in the range of $0.49 to $0.55

The Company is reaffirming its fiscal 2022 guidance.

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

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