Conagra's Q3 FY25 results were impacted by supply issues and legal charges, leading to lower net income and margins. However, strong brand resilience supported steady consumer demand, and full-year guidance remains intact.
Conagra Brands reported a slight decrease in net sales but an increase in organic net sales for the second quarter of fiscal year 2025. Reported EPS decreased slightly, but the company is updating its fiscal 2025 guidance to reflect these results and anticipated headwinds.
Conagra Brands reported a decrease in net sales by 3.8% and a decrease in organic net sales by 3.5%. The reported EPS increased by 44.8%, while adjusted EPS decreased by 19.7%. The company reaffirmed its fiscal 2025 guidance.
Conagra Brands reported a decrease in net sales by 2.3% to $2.9 billion, with a reported diluted loss per share of $1.18 due to significant non-cash impairment charges. Adjusted EPS was $0.61. The company's investments in key Frozen and Snacks domains drove volume improvements and market share gains. Supply chain productivity initiatives expanded adjusted gross margins, and the company continued to strengthen its balance sheet and reduce net leverage.
Conagra Brands reported a decrease in net sales by 1.7% and a decrease in organic net sales by 2.0%. EPS decreased by 9.9% to $0.64, while adjusted EPS decreased by 9.2% to $0.69. The company is increasing its fiscal 2024 adjusted operating margin guidance and reaffirming organic net sales and adjusted EPS guidance.
Conagra Brands reported a decrease in net sales by 3.2% and a decrease in diluted EPS by 24.1% to $0.60 for the second quarter of fiscal year 2024. Despite these declines, the company saw improved volume trends in its domestic retail business and strong market share gains in its frozen business.
Conagra Brands reported flat net sales but experienced a 1,757 basis point increase in operating margin and a 15.8% increase in adjusted EPS. The company reaffirms its fiscal year 2024 guidance.
Conagra Brands reported a 2.2% increase in net sales and a decrease in diluted EPS of 75.8% to $0.08 for the fourth quarter of fiscal year 2023. The increase in net sales was driven by a 9.9% improvement in price/mix, which was partially offset by a 7.7% decrease in volume. The company is providing fiscal 2024 guidance that includes organic net sales growth of approximately 1% and adjusted operating margin between 16% and 16.5%.
Conagra Brands reported a 5.9% increase in net sales, driven by a 6.1% increase in organic net sales. The company's operating margin increased by 355 basis points to 15.9%, and diluted EPS increased by 57.8% to $0.71. The company is updating its fiscal 2023 guidance to reflect organic net sales growth of 7% to 7.5% and adjusted EPS between $2.70 and $2.75.
Conagra Brands reported an 8.3% increase in net sales, driven by an 8.6% increase in organic net sales. The company's diluted EPS increased by 38.6% to $0.79, and adjusted EPS increased by 26.6% to $0.81. Conagra is raising its fiscal 2023 guidance to reflect organic net sales growth of 7% to 8% and adjusted EPS between $2.60 and $2.70.
Conagra Brands reported a 9.5% increase in net sales to $2.9 billion for the first quarter of fiscal year 2023. Organic net sales increased by 9.7%, driven by a 14.3% improvement in price/mix, offsetting a 4.6% decrease in volume. Adjusted EPS was $0.57, while diluted loss per share was $0.16, impacted by non-cash impairment charges.
Conagra Brands reported a 6.2% increase in net sales for the fourth quarter, driven by a 6.8% increase in organic net sales, which was offset by declines in volume. The company's adjusted EPS increased by 20.4% to $0.65, driven primarily by an increase in operating profit and a strong performance from the Company's Ardent Mills joint venture.
Conagra Brands reported a 5.1% increase in net sales and a 6.0% increase in organic net sales for the third quarter of fiscal year 2022. However, the operating margin decreased by 387 basis points, and diluted earnings per share decreased by 22.4%. The company is updating its fiscal 2022 guidance to reflect expectations for continued top line strength and higher cost of goods sold inflation.
Conagra Brands reported a 2.1% increase in net sales to $3.1 billion, driven by a 2.6% increase in organic net sales. However, diluted EPS decreased by 26% to $0.57, and adjusted EPS decreased by 21% to $0.64. The company is reiterating its adjusted EPS guidance for fiscal 2022 and updating its organic net sales and adjusted operating margin guidance.
Conagra Brands reported a decrease in net sales by 1.0% to $2.7 billion, with organic net sales decreasing by 0.4%. Despite inflationary pressures, the company reaffirmed its fiscal 2022 adjusted EPS guidance of approximately $2.50. The company experienced a decrease in diluted EPS to $0.49, and adjusted EPS to $0.50.
Conagra Brands reported a decrease in net sales by 16.7% but an increase in EPS by 56.1% for the fourth quarter of fiscal year 2021. The company is revising its Fiscal 2022 guidance to reflect increased inflation.
Conagra Brands reported strong third-quarter results, with net sales increasing by 8.5% and organic net sales increasing by 9.7%. Diluted EPS grew by 38.1% to $0.58, while adjusted EPS grew by 25.5% to $0.59.
Conagra Brands reported strong second-quarter results, exceeding guidance for each metric. Net sales increased by 6.2%, with organic net sales up by 8.1%. The company achieved its targeted Net Leverage Ratio ahead of schedule due to debt reduction and strong earnings.
Conagra Brands reported strong fourth-quarter results, with net sales increasing by 25.8% and adjusted EPS more than doubling. The company benefited from increased at-home eating due to the COVID-19 pandemic, which boosted retail demand and offset reduced foodservice demand. Conagra exceeded its free cash flow guidance and reduced its leverage ratio.
Conagra Brands reported a 5.6% decrease in net sales to $2.6 billion and a 15.6% decrease in net income to $204 million for the third quarter of fiscal year 2020. Adjusted EPS was $0.47, in line with expectations. The company reduced debt by $450 million and expects to exceed full-year sales and profit guidance.