From Financial Modeling Prep: 2024-10-02 14:33:00

ConAgra Brands (NYSE:CAG) reported disappointing first-quarter fiscal 2025 results, missing Wall Street expectations due to inflationary pressures and manufacturing disruptions. The stock fell 8% following the earnings announcement. Earnings per share were $0.53, revenue was $2.79 billion, a 3.8% decline year-over-year.

Manufacturing disruptions during the grilling season cost ConAgra $27 million. Rising costs and unfavorable operating leverage also impacted results. The company reaffirmed its full-year fiscal 2025 guidance, projecting organic net sales to be between -1.5% and flat compared to fiscal 2024.

Gross margin for the quarter dropped to 26.5%, with the Refrigerated & Frozen segment experiencing the steepest decline. Operating profit for the segment fell 11.6% to $176 million. ConAgra’s adjusted EPS for the year is expected to be between $2.60 and $2.65.



Read more at Financial Modeling Prep:: ConAgra Brands Misses Q1 Estimates, Shares Drop 8%