Conagra Brands Inc

CAG: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$71.00	Vkmk	Scffbspz

Conagra Earnings: Easing Volume Declines and Decent Margins, but Shares Fairly Valued

Kristoffer Inton

Apr 5, 2024

Over recent quarters, the challenging macroeconomic environment has weighed on no-moat Conagra’s results. However, its fiscal 2024 third-quarter earnings release showed some early signs of headwinds easing. Organic sales declined 2% over the prior year and adjusted operating profit margin recovered to 16.4%, an improvement from fiscal second quarter’s 3.4% decline and margin of 15.9%, respectively.

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