FX.co ★ Conagra Brands Reaffirms FY24 Outlook - Update

Conagra Brands, Inc. (CAG), a leading branded food company, has reaffirmed its guidance for adjusted earnings and organic net sales growth for the full fiscal year 2024 while announcing its first-quarter financial results on Wednesday.

For fiscal year 2024, Conagra continues to forecast adjusted earnings in the range of $2.60 to $2.65 per share. The company also anticipates its organic net sales to either decline by up to 1.5 percent or remain flat.

According to a consensus of 16 analysts surveyed by Thomson Reuters, the company is expected to report earnings of $2.61 per share on a revenue decline of 0.7 percent, totaling $11.97 billion for the year. Analysts' estimates generally exclude special items.