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CAG

Conagra Brands

$32.68 /

+0.1 (+0.31%)

13:34
02/17/20
02/17
13:34
02/17/20
13:34

Conagra Brands updates FY2020 outlook, now sees adjusted EPS of $2-$2.07

Conagra Brands announced that it is revising its fiscal 2020 outlook as a result of softer than expected category performance during the company's fiscal third quarter, which ends on February 23, 2020. The company said that, "Third quarter consumption declines have impacted a wide range of categories across the food industry, including categories in which Conagra Brands competes." Conagra Brands now expects fiscal 2020 organic net sales growth to be flat to 0.5%. Adjusted operating margin is now expected to be 15.8%-16.2%. The company also expects adjusted diluted earnings per share from continuing operations of $2-$2.07.

  • 17

    Feb

CAG Conagra Brands
$32.68 /

+0.1 (+0.31%)

01/23/20
Fly Intel: Top analyst initiations
01/22/20 Jefferies
Conagra Brands initiated with a Hold at Jefferies
01/22/20 Jefferies
Conagra Brands initiated with a Hold at Jefferies
12/20/19 Evercore ISI
Conagra Brands price target raised to $39 from $35 at Evercore ISI

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