Conagra Brands Reaffirms FY24 Outlook - Update

(RTTNews) - While reporting financial results for the first quarter on Wednesday, branded food company Conagra Brands, Inc. (CAG) reaffirmed its adjusted earnings and organic net sales growth guidance for the full-year 2024.

For fiscal 2024, the company continues to project adjusted earnings in a range of $2.60 to $2.65 per share on organic net sales between a decline of 1.5 percent and flat.

On average, 16 analysts polled by Thomson Reuters expect the company to report earnings of $2.61 per share on a revenue decline of 0.7 percent to $11.97 billion for the year. Analysts' estimates typically exclude special items.

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