Investing.com – ConAgra Brands, Inc. announced… (NYSE:CAG) reported second-quarter fiscal 2025 results that beat analysts’ expectations for both earnings and revenue but lowered its full-year earnings guidance.
The packaged food company reported adjusted earnings per share of $0.70, beating analysts’ consensus of $0.68. Revenue was $3.2 billion, slightly above estimates of $3.15 billion. However, reported net sales fell 0.4% year over year, while organic net sales increased 0.3%.
ConAgra has updated its 2025 financial outlook and now expects adjusted EPS between $2.45 and $2.50, below the analyst consensus of $2.58 and below its previous target of $2.60 to $2.65. The company expects organic net sales to be near the midpoint of -1.5% to flat compared to fiscal 2024.
“Our business returned to growth in the second quarter despite a continuing challenging consumer environment as our investments paid off, resulting in strong market share performance,” commented Sean Connolly, President and CEO of ConAgra Brands. “While momentum remains strong, we expect The business is experiencing growth that will be impacted by two headwinds in the back half, including higher-than-expected inflation and unfavorable foreign exchange rates, prompting us to update our 2025 financial outlook.”
The company’s grocery and snack segment saw a 2.0% increase in net sales to $1.3 billion, while its refrigerated and freezer segment remained flat at $1.3 billion. The International segment saw a 12.9% decline in net sales to $243 million.
ConAgra stock was down about 0.3% pre-market.
https://i-invdn-com.investing.com/news/LYNXMPEE5Q14D_L.jpg
Source link