Business
Conagra Brands Reports Third Quarter Results
Today Conagra Brands, Inc. (NYSE: CAG) reported results for the third quarter of fiscal year 2025, which ended on February 23, 2025. All comparisons are against the prior year fiscal period, unless otherwise noted.
About this update from Conagra Brands, Inc.
[{"type":"text","content":"CHICAGO, April 3, 2025 /PRNewswire/ -- Today Conagra Brands, Inc. (NYSE: CAG) reported results for the third quarter of fiscal year 2025, which ended on February 23, 2025. All comparisons are against the prior year fiscal period, unless otherwise noted.","length":268,"tagName":"p"},{"type":"image","alt":"Conagra Brands, Inc., headquartered in Chicago, is one of North America's leading branded food companies. (PRNewsfoto/Conagra Brands)","displaySize":"","headline":null,"caption":"Conagra Brands, Inc., headquartered in Chicago, is one of North America's leading branded food companies. (PRNewsfoto/Conagra Brands)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":295,"url":"https://media.zenfs.com/en/prnewswire.com/0ff67d2dfdd0e6b9c00ab658ccd990fa"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/_Dob3FihixGFkWblwh6yOA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTUyMDtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/0ff67d2dfdd0e6b9c00ab658ccd990fa","width":400,"height":295}},"href":"https://mma.prnewswire.com/media/479094/CB_CMYK_Texture_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Highlights","length":10,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Reported net sales decreased 6.3%; organic net sales decreased 5.2%.","length":68,"tagName":"p"}]},{"val":[{"type":"text","content":"Reported operating margin was 8.4% representing a 712 basis point decrease. Adjusted operating margin was 12.7% representing a 369 basis point decrease.","length":152,"tagName":"p"}]},{"val":[{"type":"text","content":"Reported diluted earnings per share (EPS) was $0.30, a 53.1% decrease. Adjusted EPS was $0.51, a 26.1% decrease.","length":112,"tagName":"p"}]},{"val":[{"type":"text","content":"The company's fiscal 2025 guidance remains unchanged, reflecting:","length":69,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Organic net sales of approximately (2)% compared to fiscal 2024","length":63,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted operating margin of approximately 14.4%","length":48,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EPS of approximately $2.35","length":35,"tagName":"p"}]},{"val":[{"type":"text","content":"Free cash flow conversion of greater than 100%","length":46,"tagName...