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0.00388870737316849 0.00388870737316849 0.000685488779125261 0.00709192596721183 -0.00347869539313099 -0.0204557539415605 -0.0118070637376436 -0.0162915697693042
Stock impact report

Conagra Brands narrows guidance as earnings miss estimates [Yahoo! Finance]

ConAgra Brands, Inc. (CAG) 
Last conagra brands, inc. earnings: 3/31 07:28 am Check Earnings Report
US:NYSE Investor Relations: conagrabrands.com/investor-relations
Company Research Source: Yahoo! Finance
Adjusted earnings per share came in at $0.39, missing analyst estimates of $0.40, while revenue of $2.79 billion slightly exceeded the consensus of $2.76 billion. The company narrowed its full-year adjusted EPS guidance to approximately $1.70, at the low end of its previous $1.70 to $1.85 range. Net sales decreased 1.9% YoY but organic net sales rose 2.4%, driven by a 1.9% price/mix increase and a 0.5% volume gain. The company cited continued momentum in its Frozen and Snacks businesses, with volume share gains in categories including frozen single serve meals, frozen vegetables, meat snacks, and hot cocoa. Adjusted operating margin reached 10.6% in the quarter, with the company expecting full-year adjusted operating margin near the high end of its 11.0% to 11.5% range. Shares fell 0.2% following the announcement. "I am pleased with our third quarter performance as we returned the business to organic net sales growth, reflecting continued upward inflection in our Frozen and S Show less Read more
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