Conagra Brands Reaffirms FY24 Sales Decline Of (1)% - (2)%; Adj EPS Of $2.60 - $2.65 Vs. $2.6 Est.
Portfolio Pulse from Benzinga Newsdesk
Conagra Brands has reaffirmed its fiscal year 2024 guidance, expecting a sales decline of 1% to 2% and an adjusted EPS in the range of $2.60 to $2.65, compared to the estimated $2.6.
April 04, 2024 | 11:35 am
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Conagra Brands reaffirms its FY24 outlook with a sales decline of 1%-2% and an adjusted EPS of $2.60-$2.65, slightly above the $2.6 estimate.
The reaffirmation of Conagra Brands' fiscal year 2024 guidance, especially the adjusted EPS being slightly above the estimated $2.6, could be seen as a positive signal to investors, potentially leading to a short-term positive impact on the stock price. The specific mention of the expected sales decline provides clarity but the higher EPS forecast suggests effective cost management or operational efficiency, which investors may view favorably.
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