Conagra Guides FY Adj EPS to $1.40-$1.50, Below Consensus
CAG is trading near its 52-week low of $12.53 (13% above the low).
Summary
Conagra Brands issued fiscal-year adjusted EPS guidance of $1.40 to $1.50, below the $1.57 consensus, with a midpoint of $1.45 implying a year-over-year decline. The company reported fourth-quarter organic net sales were about flat and sees FY27 organic net sales down 1%-3% compared to FY26. Conagra cut its annual dividend to 70 cents, a move it says realigns capital allocation and accelerates progress toward its leverage target. The guidance miss adds fundamental headwinds to technical selling from the company's removal from the S&P 500 on June 29. Management will address cost inflation and demand elasticity on the upcoming earnings call.
At the time of this announcement, CAG was trading at $14.12 on NYSE in the Trade & Services sector, with a market capitalization of approximately $6.8B. The 52-week trading range was $12.53 to $20.32. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.