Conagra Brands has reported adjusted EPS of $0.61 for its fourth quarter 2023-24, compared with $0.62 a year earlier, and an adjusted operating margin that improved by 0.2 points to 14.8%.

At $2.91 billion, the food group saw its revenues decline by 2.4% in organic terms, a decrease reflecting above all a 1.8% contraction in volumes due to the persistence of weak consumer trends.

With full-year adjusted EPS of $2.67 and organic sales down 2.1%, Conagra's target ranges for 2024-25 are $2.60 to $2.65 and -1.5% to 0% respectively.

Copyright (c) 2024 CercleFinance.com. All rights reserved.