Act II Popcorn Maker Conagra Brands Q3 Profit Falls As Supply Constraints Bite

Shares of consumer packaged goods company Conagra Brands Inc (NYSE:CAG) traded lower in premarket on Thursday after the third-quarter FY25 earnings.

The company reported a third-quarter sales decline of 6.3% year-on-year to $2.84 billion, missing the analyst consensus estimate of $2.903 billion.

Organic net sales decreased 5.2%, driven by a 2.1% negative impact from price/mix and a 3.1% decrease in volume. 

Adjusted EPS of $0.51 missed the consensus estimate of $0.53.

Gross profit declined 17.3% to $710 million and the gross margin contracted 331 basis points to 25%.

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https://www.benzinga.com/25/04/44626772/consumer-company-conagra-brands-q3-miss-estimates-as-supply-constraints-bite-stock-falls