Categories AlphaGraphs, Consumer, Earnings
Conagra Brands (CAG) Q4 earnings decline despite modest sales growth
Packaged Foods company Conagra Brands Inc. (NYSE: CAG) on Thursday said its fourth-quarter profit decreased from last year despite a modest increase in net sales.
At $2.97 billion, fourth-quarter net sales were up 2.2% year-over-year. The growth was driven by a 9.9% improvement in price/mix, which was partially offset by a 7.7% decrease in volume.
May-quarter net income, adjusted for special items, decreased 5% year-over-year to $0.62 per share. On an unadjusted basis, the company reported a net profit of $37.5 million or $0.08 per share, compared to $158.9 million or $0.33 per share in the prior-year quarter.
“Looking ahead, we anticipate transitioning toward a more normalized operating environment in fiscal 2024 – with easing inflationary pressures and improved supply chain operations – and remain committed to our long-term financial algorithm,” said Sean Connolly, chief executive officer of Conagra Brands.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Earnings Preview: What to look for when Netflix (NFLX) reports Q4 2025 results
Netflix, Inc. (NASDAQ: NFLX) is expected to report Q4 results on January 20, amid expectations for strong revenue and earnings growth. The company is navigating a shifting streaming landscape where
What to look for when United Airlines (UAL) reports its Q4 2025 earnings results
Shares of United Airlines (NASDAQ: UAL) stayed red on Thursday. The stock has gained 15% over the past three months. The airline is scheduled to report its earnings results for
Infographic: How Constellation Brands (STZ) performed in Q3 2026
Constellation Brands, Inc. (NYSE: STZ) reported net sales of $2.22 billion for the third quarter of 2026, down 10% year-over-year. Organic net sales were down 2%. Net income attributable to
