Categories AlphaGraphs, Consumer, Earnings

Conagra Brands (CAG) Q4 profit jumps 58% beats estimates

Conagra Brands Inc. (NYSE: CAG) reported a 58% jump in earnings for the fourth quarter of 2020 as strong e-commerce growth, significant consumer trial, and solid repeat sales, and the initial launches of its fiscal 2021 innovation slate drove the top-line higher. The results exceeded analysts’ expectations.

Conagra Brands (CAG) reports Q4 2020 earnings

During the quarter, the company experienced elevated demand, which continued to make good progress on improving the overall business. Conagra’s business benefited from increased at-home eating in the fourth quarter as the elevated retail demand outweighed the reduced foodservice demand.

The company is providing guidance for first-quarter fiscal 2021 of organic net sales growth in the range of 10-13%, adjusted operating margin in the range of 17-17.5%, and adjusted EPS in the range of $0.54-0.59. The company remains on track to deliver its fiscal 2022 algorithm and remains committed to achieving its leverage target of 3.5-3.6 times by the end of fiscal 2021.

Take a look at our Retail articles here

Most Popular

McDonald’s (MCD) Earnings: Q2 profit jumps and tops expectations on 57% sales growth

McDonald’s Corporation (NYSE: MCD) Wednesday reported stronger-than-expected earnings and revenues for the second quarter of 2021. The fast-food chain reported revenues of $5.89 billion for the June quarter, up 57%

Key highlights from Shopify Q2 earnings: Infographic

Shopify (NYSE: SHOP) reported second-quarter 2021 financial results before the regular market hours on Wednesday. The ecommerce giant reported Q2 revenue of $1.12 billion, up 57% year-over-year and higher than

Infographic: How Pfizer (PFE) performed in Q2 2021

Pfizer Inc. (NYSE: PFE) reported second quarter 2021 earnings results today. Total revenue increased 92% year-over-year to $19 billion. GAAP net income increased 59% YoY to $5.5 billion, or $0.98

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top