ConAgra Brands (CAG) Tops Q2 EPS by 15c, Raises Guidance

ConAgra Brands (NYSE: CAG) reported Q2 EPS of $0.81, $0.15 better than the analyst estimate of $0.66. Revenue for the quarter came in at $3.3 billion versus the consensus estimate of $3.26 billion.

GUIDANCE:

ConAgra Brands sees FY2023 EPS of $2.60-$2.70, versus the consensus of $2.47.

• Organic net sales growth of 7% to 8% compared to fiscal 2022
• Adjusted operating margin between 15.3% and 15.6%
• Adjusted EPS between $2.60 and $2.70 representing growth of 10% to 14% compared to fiscal 2022

For earnings history and earnings-related data on ConAgra Brands (CAG) click here.

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