Data News > Conagra Brands Faces Stock Slide Due to Inflation Concerns
- Conagra Brands' stock slides after lowering profit outlook
- Company cites challenging consumer environment for lowered guidance
- Earnings and sales beat expectations in Q2, but inflation and exchange rates impact forecast
- Quarterly earnings per share of $0.70 beat estimates, down from $0.71 a year ago
- Conagra Brands sees inflation approaching 4%, adjusting outlook accordingly
Conagra Brands, the owner of Reddi-wip, experienced a decline in its stock on Thursday following the company's decision to revise its profit forecast, attributing the revision to a difficult environment for consumers. While the food giant succeeded in surpassing earnings and sales expectations in the second quarter, their outlook for fiscal year 2025 was adjusted due to higher-than-anticipated inflation rates and unfavorable foreign exchange circumstances.
During the earnings call for the second quarter of 2025, key company figures including Melissa Napier, Sean Connolly, David Marberger, and Matthew Neisius shed light on Conagra Brands' performance. Participants in the conference call from notable firms such as Barclays, JPMorgan, and Bank of America also had the opportunity to engage with the company's representatives regarding its financial standing.
Despite steady revenue and earnings per share numbers for the quarter ending in November 2024, it is paramount to examine additional performance measures in order to gauge Conagra Brands' success against Wall Street predictions and the preceding year's outcomes. The company's quarterly earnings of $0.70 per share exceeded the Zacks Consensus Estimate of $0.68 per share, although this figure was slightly lower than last year's $0.71 per share earnings.
Conagra Brands, recognized for household names like Birds Eye and Healthy Choice, adjusted its inflation expectations upward, signaling a long-term trend of elevated prices. Anticipating inflation levels nearing 4%, the food manufacturer's revised forecast aligns with broader economic indicators pointing towards sustained price increases.
With the release of second quarter results for fiscal year 2025, Conagra Brands emphasized the period ending on November 24, 2024, showcasing year-over-year comparisons in its financial performance. The company reported a decline in net sales during the first quarter of 2025, prompting an investigation by Levi & Korsinsky into potential breaches of federal securities laws, further complicating Conagra Brands' financial narrative.
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Conagra Brands Faces Stock Slide Due to Inflation Concerns
By KlickAnalytics Data Insights | December 19, 2024 08:03PM ET
Key Points
- Conagra Brands' stock slides after lowering profit outlook
- Company cites challenging consumer environment for lowered guidance
- Earnings and sales beat expectations in Q2, but inflation and exchange rates impact forecast
- Quarterly earnings per share of $0.70 beat estimates, down from $0.71 a year ago
- Conagra Brands sees inflation approaching 4%, adjusting outlook accordingly
Conagra Brands, the owner of Reddi-wip, experienced a decline in its stock on Thursday following the company's decision to revise its profit forecast, attributing the revision to a difficult environment for consumers. While the food giant succeeded in surpassing earnings and sales expectations in the second quarter, their outlook for fiscal year 2025 was adjusted due to higher-than-anticipated inflation rates and unfavorable foreign exchange circumstances.
During the earnings call for the second quarter of 2025, key company figures including Melissa Napier, Sean Connolly, David Marberger, and Matthew Neisius shed light on Conagra Brands' performance. Participants in the conference call from notable firms such as Barclays, JPMorgan, and Bank of America also had the opportunity to engage with the company's representatives regarding its financial standing.
Despite steady revenue and earnings per share numbers for the quarter ending in November 2024, it is paramount to examine additional performance measures in order to gauge Conagra Brands' success against Wall Street predictions and the preceding year's outcomes. The company's quarterly earnings of $0.70 per share exceeded the Zacks Consensus Estimate of $0.68 per share, although this figure was slightly lower than last year's $0.71 per share earnings.
Conagra Brands, recognized for household names like Birds Eye and Healthy Choice, adjusted its inflation expectations upward, signaling a long-term trend of elevated prices. Anticipating inflation levels nearing 4%, the food manufacturer's revised forecast aligns with broader economic indicators pointing towards sustained price increases.
With the release of second quarter results for fiscal year 2025, Conagra Brands emphasized the period ending on November 24, 2024, showcasing year-over-year comparisons in its financial performance. The company reported a decline in net sales during the first quarter of 2025, prompting an investigation by Levi & Korsinsky into potential breaches of federal securities laws, further complicating Conagra Brands' financial narrative.
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