CONAGRA BRANDS REPORTS SECOND QUARTER RESULTS
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ConAgra Brands (CAG) Misses Q2 EPS by 4c, Revenue Beats, Offers Outlook
January 6, 2022 7:34 AM ESTConAgra Brands (NYSE: CAG) reported Q2 EPS of $0.64, $0.04 worse than the analyst estimate of $0.68. Revenue for the quarter came in at $3.1 billion versus the consensus estimate of $3 billion.
GUIDANCE:
ConAgra Brands sees FY2022 EPS of $2.50, versus the consensus of $2.47.
Outlook
The company is reiterating its adjusted EPS guidance for fiscal 2022 and updating its organic net sales and adjusted operating margin guidance. The outlook reflects expectations for continued top line strength, and higher cost of goods sold inflation, and the timing effect of additional pricing actions.The company... More