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State: 17.08.2024 | 11PM
Wed, 02.10.2024       Conagra Brands
US2058871029

CHICAGO, Oct. 2, 2024 /PRNewswire/ -- Today Conagra Brands, Inc. (NYSE: CAG) reported results for the first quarter of fiscal year 2025, which ended on August 25, 2024. All comparisons are against the prior-year fiscal period, unless otherwise noted.

Highlights

Reported net sales decreased 3.8%; organic net sales decreased 3.5%.Reported operating margin was 14.4% representing a 247 basis point decrease. Adjusted operating margin was 14.2% representing a 244 basis point decrease.Reported diluted earnings per share (EPS) was $0.97, a 44.8% increase. Adjusted EPS was $0.53, a 19.7% decrease.The company is reaffirming its fiscal 2025 guidance reflecting:Organic net sales of (1.5)% to flat compared to fiscal 2024Adjusted operating margin between 15.6% and 15.8%Adjusted EPS between $2.60 and $2.65Free cash flow conversion of approximately 90%
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