Conagra Brands Inc.: Quarterly report
Conagra Brands reported a 1.4% net sales decline to $2,595.9 million for the first quarter of fiscal 2027, while diluted earnings per share rose to $0.36.
Mixed for the companyWhat the numbers say
Revenue fell 1.4% to $2.6B versus the same quarter last year (9.9% down on the previous quarter); operating margin narrowed from 13.2% to 10.3%; diluted EPS $0.36 versus $0.34; cash rose by $153.6M to $371.6M while debt rose by $500M.
What happened
- Total net sales fell to $2,595.9 million as volume declines in grocery and refrigerated products offset gains in foodservice and international units.
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