back to top
HomeMarketCAG Earnings: Conagra Manufacturers This autumn 2024 revenue beats estimates; gross sales...

CAG Earnings: Conagra Manufacturers This autumn 2024 revenue beats estimates; gross sales down 2% | AlphaStreet

-

Conagra Manufacturers, Inc. (NYSE: CAG), a number one supplier of shopper packaged items, on Thursday, reported a modest decline in adjusted earnings for the fourth quarter of 2024, reflecting a lower in gross sales.

Internet gross sales dropped 2.3% year-over-year to $2.91 billion within the Could quarter. The highest line additionally fell wanting Wall Road’s expectations. Natural internet gross sales declined 2.4%, harm by the detrimental impression of unfavorable worth/combine and a decline in volumes.

Consequently, internet earnings, adjusted for particular objects, edged all the way down to $0.61 per share in This autumn from $0.62 per share within the year-ago quarter. On an unadjusted foundation, the corporate reported a internet lack of $567.3 million or $1.18 per share, in comparison with a revenue of $37.5 million or $0.08 per share in the identical interval of 2023.

Sean Connolly, chief govt officer of Conagra Manufacturers, mentioned, “Our investments in our brands continued to yield results, and again drove volume improvement in our Domestic Retail business. Progress was most notable in our key Frozen and Snacks domains, where we also saw market share gains.”

Prior Efficiency

LEAVE A REPLY

Please enter your comment!
Please enter your name here

CAPTCHA


LATEST POSTS

Linuscoins Introduces Cross-Chain Compatibility – Blockchain Information Website

Linuscoins is proud to announce the introduction of cross-chain compatibility, a major development that can permit seamless interplay between completely different blockchain networks. This improvement...

Citi raises AT&T inventory goal, maintains Purchase on progress technique By Investing.com

Citi up to date its outlook on AT&T (NYSE: T), rising the inventory's value goal from $20.00 to $21.00 whereas reiterating a Purchase ranking. This...

ITV shares down after income steering minimize in first-half interim outcomes

Picture supply: Getty Pictures ITV (LSE :ITV) shares are buying and selling down virtually...

Linuscoins Launches Group Grants Program – Blockchain Information Website

Linuscoins is happy to announce the launch of its Group Grants Program, a brand new initiative designed to assist progressive initiatives and startups throughout the...

Most Popular