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Stock impact report

Why Conagra Brands Stock Plummeted Today [The Motley Fool]

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: The Motley Fool
Even with its purchase of Pinnacle complete, the packaged-foods leader left the market hungry for more. Steve Symington ( TMFSymington ) Dec 20, 2018 at 4:06PM What happened Shares of Conagra Brands ( NYSE:CAG ) fell 17.2% on Thursday after the packaged-foods company wrapped up mixed fiscal second-quarter 2019 results relative to expectations. More specifically, Conagra's net sales climbed 9.7% year over year, to $2.384 billion. But that growth mostly was driven by acquisitions -- notably including its $11 billion purchase of Pinnacle Foods in late October, which more than offset a 1.6% decline in organic sales (excluding the sale of its production facility in Trenton Missouri). On the bottom line, that translated to a 21.8% increase in adjusted earnings per share from continuing operations, to $0.67. Analysts, on average, were modeling lower e Show less Read more
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