ConAgra Brands (CAG) reported Q2 EPS of $0.81, $0.15 better than the analyst estimate of $0.66. Revenue for the quarter came in at $3.3 billion versus the consensus estimate of $3.26 billion.
GUIDANCE:
ConAgra Brands sees FY2023 EPS of $2.60-$2.70, versus the consensus of $2.47.
- Organic net sales growth of 7% to 8% compared to fiscal 2022
- Adjusted operating margin between 15.3% and 15.6%
- Adjusted EPS between $2.60 and $2.70 representing growth of 10% to 14% compared to fiscal 2022