Conagra Brands Q3 Sales Rise Slightly, EPS Flat

Ticker: CAG · Form: 10-Q · Filed: 2024-04-04T00:00:00.000Z

Sentiment: neutral

Topics: earnings, financials, food-industry

TL;DR

Conagra Brands Q3 sales up slightly to $2.8B, EPS flat at $0.35. Stable performance.

AI Summary

Conagra Brands Inc. filed its 10-Q for the period ending February 25, 2024. For the third quarter of fiscal year 2024, the company reported net sales of $2.8 billion, a slight increase from $2.7 billion in the prior year's third quarter. Diluted earnings per share were $0.35, consistent with the previous year. The company's total assets were valued at $12.1 billion as of February 25, 2024.

Why It Matters

This filing provides insight into Conagra Brands' recent financial performance, indicating stable earnings despite a modest sales increase, which could influence investor sentiment and future stock performance.

Risk Assessment

Risk Level: medium — The filing indicates a medium risk level due to the company's reliance on consumer food products, which can be subject to fluctuating consumer demand and input costs.

Key Numbers

Key Players & Entities

FAQ

What were Conagra Brands' net sales for the third quarter of fiscal year 2024?

Conagra Brands reported net sales of $2.8 billion for the third quarter of fiscal year 2024.

How did Conagra Brands' diluted earnings per share compare to the prior year's third quarter?

Conagra Brands' diluted earnings per share were $0.35 for the third quarter of fiscal year 2024, which was consistent with the prior year's third quarter.

What was the total value of Conagra Brands' assets as of February 25, 2024?

As of February 25, 2024, Conagra Brands' total assets were valued at $12.1 billion.

What is the reporting period for this 10-Q filing?

This 10-Q filing reports on the period ending February 25, 2024.

Did Conagra Brands' net sales increase or decrease in Q3 FY24 compared to Q3 FY23?

Conagra Brands' net sales increased slightly from $2.7 billion in Q3 FY23 to $2.8 billion in Q3 FY24.

From the Filing

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