Index Investing News
Sunday, May 25, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

After a weak begin to FY25, Conagra Manufacturers (CAG) reaffirms full-year steerage

by Index Investing News
October 4, 2024
in Markets
Reading Time: 3 mins read
A A
0
Home Markets
Share on FacebookShare on Twitter


Conagra Manufacturers, Inc. (NYSE: CAG), a number one supplier of consumer-packaged items, reported weaker-then-expected first-quarter outcomes this week, with clients turning into more and more budget-conscious amid elevated inflation. Nonetheless, the corporate mentioned it’s on observe to fulfill its targets for the complete fiscal 12 months. The market reacted negatively to the weak outcomes and the corporate’s shares fell on Wednesday morning.

The inventory had maintained a gentle uptrend after recovering from a three-year low in early 2023, till this week’s earnings announcement that triggered a selloff. CAG has gained about 10% previously twelve months however stays a comparatively low cost inventory. The corporate’s dominance within the packaged meals market and the underlying momentum of the enterprise ought to allow it to navigate the short-term headwinds and create sturdy shareholder worth in the long run.

Slowdown

Conagra’s grocery and frozen meals segments skilled weak point within the early months of FY25, hurting the highest line. It attributed the slowdown to unfavorable worth/combine and manufacturing disruption on the Hebrew Nationwide enterprise. Apart from the gross sales droop, the underside line was additionally impacted by price inflation, on a comparable foundation. Nonetheless, the corporate stays optimistic about future efficiency, and forecasts full-year earnings above analysts’ estimates.

Adjusted web revenue dropped to $0.53 per share within the first quarter from $0.66 per share within the year-ago quarter. Together with particular gadgets, the corporate reported web revenue of $466.8 million or $0.97 per share for Q1, in comparison with $319.7 million or $0.67 per share in the identical interval of 2024. Earnings missed Wall Road’s projection for the primary time in almost three years.

Outcomes Miss

Revenue was negatively impacted by a 3.8% year-over-year lower in web gross sales to $2.79 billion within the August quarter. The highest line additionally fell wanting Wall Road’s expectations. Natural web gross sales dropped 3.5%, damage by decrease volumes and damaging affect from the value combine, primarily because of current investments.

From Conagra Manufacturers’ Q1 2025 Earnings Name:

“We do anticipate our absorption to begin to average and get optimistic. That’s actually necessary as a result of absorption was a headwind in Q1. That tamped down our gross margins as a result of volumes have been down. However as volumes inflect and get optimistic, we’ll begin to see that as extra of a tailwind than a headwind. In order that’s an enormous a part of our forecast. We talked about gross sales combine in Q1 being unfavorable. We anticipate that to normalize as we transfer ahead as properly. Our productiveness, we’re very happy with that in Q1 and we anticipate that to proceed to speed up as we transfer ahead.”

Steering

The administration reaffirmed its adjusted earnings steerage for the entire of fiscal 2025 within the vary of $2.60 per share to $2.65 per share and continues to anticipate natural gross sales to be flat to down 1.5% yearly. The total-year adjusted working margin forecast was reaffirmed within the 15.6-15.8% vary, and curiosity bills steerage at $415 million. The corporate expects volumes to choose up going ahead, driving margin restoration.

On Thursday, Conagra’s inventory hovered close to its 12-month common worth. The shares have gained almost 3% because the starting of the 12 months.



Source link

Tags: BrandsCAGConagrafullyearFY25guidancereaffirmsStartWeak
ShareTweetShareShare
Previous Post

Harvard Endowment Underperformance, half MMXXIV

Next Post

Largecap, Midcap, Smallcap Shares in Information Reliance Energy, Tata Shopper Merchandise, Financial institution of Baroda, DMart, BSE, M&M Monetary, different shares to trace on October 4 | Share Market Information

Related Posts

Prime Wall Road analysts favor these shares for the lengthy haul

Prime Wall Road analysts favor these shares for the lengthy haul

by Index Investing News
May 25, 2025
0

Idrees Abbas | SOPA Photographs | Lightrocket | Getty PhotographsThe rising U.S. funds deficit is on the forefront of traders'...

ValueAct takes a stake in Rocket Cos. How the activist might assist raise shares

ValueAct takes a stake in Rocket Cos. How the activist might assist raise shares

by Index Investing News
May 24, 2025
0

FILE PHOTO: A banner celebrating Rocket Firms Inc., the mother or father firm of U.S. mortgage lender Quicken Loans, IPO...

Costco (COST) all set to report Q3 2025 earnings. Right here’s what to anticipate

Costco (COST) all set to report Q3 2025 earnings. Right here’s what to anticipate

by Index Investing News
May 23, 2025
0

Costco Wholesale Company (NASDAQ: COST) has delivered a formidable efficiency within the first half of FY25, aided by robust membership...

Goal Company (TGT): A take a look at how the retailer is navigating a troublesome atmosphere

Goal Company (TGT): A take a look at how the retailer is navigating a troublesome atmosphere

by Index Investing News
May 24, 2025
0

Shares of Goal Company (NYSE: TGT) stayed pink on Friday. The inventory has dropped 23% over the previous three months....

The Massive Lovely Bitcoin Breakout

The Massive Lovely Bitcoin Breakout

by Index Investing News
May 23, 2025
0

Bitcoin (BTC) broke $111,000 yesterday, an all-time excessive. Supply: coingecko.com And since everybody is aware of I’m a crypto bull,...

Next Post
Largecap, Midcap, Smallcap Shares in Information Reliance Energy, Tata Shopper Merchandise, Financial institution of Baroda, DMart, BSE, M&M Monetary, different shares to trace on October 4 | Share Market Information

Largecap, Midcap, Smallcap Shares in Information Reliance Energy, Tata Shopper Merchandise, Financial institution of Baroda, DMart, BSE, M&M Monetary, different shares to trace on October 4 | Share Market Information

The Jaguars overestimated themselves. Did they overestimate Trevor Lawrence, too?

The Jaguars overestimated themselves. Did they overestimate Trevor Lawrence, too?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

At least 13 dead as Chile battles dozens of raging wildfires

At least 13 dead as Chile battles dozens of raging wildfires

February 4, 2023
Caught at ONE Rental Property? The Secrets and techniques to Scaling Your Portfolio

Caught at ONE Rental Property? The Secrets and techniques to Scaling Your Portfolio

January 24, 2025
California College Punishes First-Grader for a Drawing, Sparking Federal Lawsuit – FREEDOMBUNKER

California College Punishes First-Grader for a Drawing, Sparking Federal Lawsuit – FREEDOMBUNKER

August 9, 2024
Investor Michael Farr is back with his top 10 stocks he’s buying for 2024, and the tilt is defensive

Investor Michael Farr is back with his top 10 stocks he’s buying for 2024, and the tilt is defensive

December 29, 2023
Oxfam: “Billionaire-Busting” for Fun and Profit

Oxfam: “Billionaire-Busting” for Fun and Profit

February 22, 2023
40 Stars Pose Together for Edward Enninful’s Final ‘British Vogue’ Cover — and You Just Have to See It

40 Stars Pose Together for Edward Enninful’s Final ‘British Vogue’ Cover — and You Just Have to See It

February 10, 2024
India has good motive to assist Trump erect a border wall

India has good motive to assist Trump erect a border wall

January 24, 2025
Honkai Star Rail x Destiny collab characters and rarities leaked

Honkai Star Rail x Destiny collab characters and rarities leaked

February 24, 2025
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In