Categories AlphaGraphs, Consumer, Earnings
CAG Earnings: Highlights of Conagra Brands’ Q3 2024 report
Conagra Brands, Inc. (NYSE: CAG), a leading provider of consumer packaged goods, on Thursday reported lower sales and adjusted profit for the third quarter of 2024.
Net sales decreased 1.7% year-over-year to $3.03 billion in the February quarter. Organic net sales dropped 2.0%, hurt by the negative impact of unfavorable price/mix and a decline in volumes.
As a result, net income, adjusted for special items, decreased to $0.69 per share during the three months from $0.76 per share in the year-ago quarter. Unadjusted profit declined to $308.6 million or $0.64 per share in Q3 from $341.7 million or $0.71 per share in the same period of 2023.
Sean Connolly, CEO of Conagra Brands, said, “Our Q3 results demonstrate steady progress stemming from strong execution. Volume trends in our domestic retail business continued to improve as targeted investments, particularly in frozen, generated strong lifts and unit share gains. Outstanding progress on our cost savings initiatives allowed us to support strategic investments in our brands while sustaining margin recovery.”
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Key highlights from Deere & Co.’s (DE) Q4 2024 earnings results
Deere & Company (NYSE: DE) reported its fourth quarter 2024 earnings results today. Worldwide net sales and revenues decreased 28% year-over-year to $11.14 billion. Net income was $1.24 billion, or
NVDA Earnings: Nvidia Q3 profit jumps, beats estimates
NVIDIA Corporation (NASDAQ: NVDA) on Wednesday reported a sharp increase in adjusted profit and revenue for the third quarter of 2025. Earnings also topped analysts' estimates. The tech firm’s revenues
Lowe’s Companies (LOW): A few points to note about the Q3 2024 performance
Shares of Lowe’s Companies, Inc. (NYSE: LOW) rose over 1% on Wednesday. The stock has gained 8% over the past three months. The company delivered better-than-expected earnings results for the
