Reddi-wip Owner Conagra Brands' Stock Slides as Inflation Leads to Lowered Outlook [Yahoo! Finance]
ConAgra Brands, Inc. (CAG)
Last conagra brands, inc. earnings: 3/31 07:28 am
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Source: Yahoo! Finance
Conagra Brands shares slid Thursday after the food giant lowered its profit outlook. CEO Sean Connolly cited a "challenging consumer environment," and said inflation will likely negatively affect Conagra's second-half results. The company's second-quarter sales and adjusted earnings topped analysts' estimates. Conagra Brands ( CAG ) shares slid Thursday after the food giant lowered its profit outlook, citing a "challenging consumer environment." CEO Sean Connolly said higher-than-expected inflation and "unfavorable" foreign exchange rates would negatively affect earnings in the second half of its fiscal year. To account for those headwinds, Conagra updated its full-year outlook, expecting organic net sales to come in near the midpoint of its previous range of flat to down 1.5% and lowering its adjusted earnings per share (EPS) range to $2.45 to $2.50, down from $2.60 to $2.65 previously. Conagra has noted the challenging environment and hesitant consumers in several of it
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CAG
News
- Conagra Brands, Inc. (NYSE: CAG) had its price target lowered by analysts at Bank of America Co. from $31.00 to $29.00. They now have a "neutral" rating on the stock.MarketBeat
- Conagra Brands, Inc. (NYSE: CAG) had its "sector perform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $29.00 price target on the stock.MarketBeat
- Conagra Brands, Inc. Investigated Regarding Potential Securities Law Violations - Contact Levi & Korsinsky for Details - CAGAccesswire
- Conagra Brands Inc (CAG) Q2 2025 Earnings Call Highlights: Strong Volume Gains Amid Inflation ... [Yahoo! Finance]Yahoo! Finance
- Conagra Brands Inc (CAG) Q2 2025 Earnings Call Highlights: Navigating Inflation and Driving ... [Yahoo! Finance]Yahoo! Finance
CAG
Earnings
- 12/19/24 - Beat
CAG
Sec Filings
- 12/19/24 - Form 10-Q
- 12/19/24 - Form 8-K
- 12/6/24 - Form SC
- CAG's page on the SEC website