Conagra Brands Expects Q2 Organic Net Sales Decline In Low-Single Digits
Portfolio Pulse from Benzinga Newsdesk
Conagra Brands expects a low-single digit decline in organic net sales for Q2, due to volume declines and inflation-driven pricing actions. Gross and operating margins are also expected to be lower than Q1 due to increased trade and A&P investment. However, the company anticipates low-single digit organic net sales growth in the second half of the year, driven by volume growth.
October 05, 2023 | 12:59 pm
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Conagra Brands expects a decline in Q2 organic net sales and lower margins, which could negatively impact the stock price in the short term. However, the company's expectation of growth in the second half of the year could provide some optimism.
The company's expectation of a decline in Q2 sales and lower margins could lead to a negative sentiment among investors, potentially driving the stock price down in the short term. However, the forecasted growth in the second half of the year could mitigate some of this negative impact.
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