Conagra Brands Completes Third Year Of Transformation With Strong End To Fiscal 2018

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ConAgra Brands (CAG) Tops Q4 EPS by 6c, Offers Standalone Guidance

June 27, 2018 6:35 AM EDT

ConAgra Brands (NYSE: CAG) reported Q4 EPS of $0.50, $0.06 better than the analyst estimate of $0.44. Revenue for the quarter came in at $1.97 billion versus the consensus estimate of $1.92 billion.

GUIDANCE:

ConAgra Brands sees Q1 2019 EPS of $0.46-$0.49, versus the consensus of $0.54.

Standalone Fiscal 2019 and Fiscal 2020 OutlookThe Company is providing standalone fiscal 2019 guidance as summarized below:

Reported net sales growth in the range of 0.5% to 1.5%.Organic net sales growth, excluding the previously-mentioned impact of the Trenton facility sale and related Foodservice business exit, is expected... More