Conagra Brands lowers FY25 adjusted EPS view to about $2.35 from $2.45-$2.50

Unlock stock picks and a broker-level newsfeed that powers Wall Street. Upgrade Now

TipRanks

Tue, Feb 18, 2025, 7:16 AM 1 min read

Consensus $2.46. Lowers FY25 organic net sales growth view to down about 2% versus FY24 from a prior view near the midpoint of down 1.5% to flat. “The company has experienced customer service interruptions during the third quarter due to supply constraints on two product platforms: frozen meals containing chicken and frozen vegetables. In addition, foreign exchange rates are now expected to provide a further headwind to adjusted earnings per share,” Conagra stated. “The company’s expectations for capital expenditures, free cash flow conversion, interest expense, Ardent Mills’ contribution, pension income, adjusted effective tax rate and inflation remain unchanged from our second quarter earnings materials. The company’s updated guidance does not include any potential impacts from new tariffs. Conagra’s long-term financial targets are unchanged,” the company added. Sean Connolly, president and CEO of Conagra Brands (CAG), commented, “We are committed to investing behind our brands and innovation, and delivering the high-quality products our customers expect. We are pleased with the strong and consistently improving demand we have experienced this year as a result of those investments. While we’ve faced recent challenges servicing that demand, our investments in infrastructure and strategic partnerships position us for long-term success.” As previously announced, Connolly, CFO Dave Marberger and SVP Bob Nolan will present at the annual Consumer Analyst Group of New York Conference on February 18 at 9:00 a.m. ET.

Discover the Best Stocks and Maximize Your Portfolio:

See what stocks are receiving strong buy ratings from top-rated analysts.
Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See Insiders’ Hot Stocks on TipRanks >>

Read More on CAG: