Earnings Alerts

Conagra Foods (CAG) Earnings: 4Q Net Sales Align with Estimates Despite Inflation Challenges

  • Conagra’s 4th quarter net sales were $2.91 billion, a decrease of 2.3% year-over-year, meeting the estimate of $2.93 billion.
  • Grocery & Snacks net sales were $1.17 billion, down 2.1% year-over-year, compared to the estimate of $1.2 billion.
  • Refrigerated & Frozen net sales were $1.17 billion, a decline of 3.8% year-over-year, meeting the estimate.
  • International net sales rose to $266.8 million, an increase of 6.5% year-over-year, exceeding the estimate of $258.8 million.
  • Foodservice net sales were $291.4 million, down 3.9% year-over-year, short of the estimate of $302.5 million.
  • Organic net sales saw a decrease of 2.4% compared to a 2.2% increase in the previous year, with the estimate being a 1.61% decline.
  • The company expects cost of goods sold inflation to persist into fiscal 2025.
  • CEO Sean Connolly highlighted that investments in brands have driven volume improvement in the Domestic Retail business.
  • Analyst recommendations include 3 buys, 13 holds, and 1 sell.

Conagra Foods on Smartkarma

Analyst coverage of Conagra Foods on Smartkarma reveals a positive outlook from top independent analysts. Value Investors Club highlights Conagra’s undervalued stock, strong brand portfolio, experienced management team, and debt reduction focus, projecting a potential 10-12% annualized return with minimal downside risk over the next three years. Similarly, Baptista Research notes Conagra’s positive tone on performance and future prospects, emphasizing the importance of volume for growth despite some operational concerns. With an emphasis on consumer behavior and impressive gains in margins, Conagra Brands Inc. remains resilient in the face of market challenges, showcasing the strength of its brand over the long term.


A look at Conagra Foods Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth3
Resilience2
Momentum4
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores provided for Conagra Foods, the company seems to have a promising long-term outlook. With high scores in Value and Dividend, Conagra Foods demonstrates strong fundamentals and attractive shareholder returns. Additionally, its Momentum score of 4 suggests positive price trend signals in the market. However, the Growth score of 3 indicates some room for improvement in terms of expanding its business operations. Similarly, the Resilience score of 2 highlights potential vulnerabilities that the company may need to address to strengthen its stability.

Conagra Foods, Inc. is a company that manufactures and sells a variety of packaged foods catering to retail consumers, restaurants, and institutions. Their product range includes meals, condiments, snacks, and specialty potato products, among others. With solid scores in Value, Dividend, and Momentum, Conagra Foods appears to be well-positioned to deliver value to investors and maintain stability in the market. Efforts to improve Growth and Resilience factors could further enhance the company’s long-term prospects.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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