Conagra Brands Q4 Adj EPS $0.62 Beats $0.59 Estimate, Sales $2.97B Miss $2.99B Estimate
Portfolio Pulse from Benzinga Newsdesk
Conagra Brands (NYSE:CAG) reported Q4 adjusted earnings of $0.62 per share, beating the analyst consensus estimate of $0.59 by 5.08%. However, this is a 4.62% decrease from the same period last year. The company's quarterly sales of $2.97 billion missed the analyst consensus estimate of $2.99 billion by 0.57%, but it's a 2.16% increase from the same period last year.
July 13, 2023 | 11:32 am
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Conagra Brands beat Q4 earnings estimates but missed on sales. Earnings per share decreased by 4.62% compared to last year, while sales increased by 2.16%.
While Conagra Brands beat earnings estimates, the decrease in earnings per share compared to last year and the missed sales estimates may balance out any potential positive or negative impact on the stock price in the short term.
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