Conagra Brands Inc
CAG: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.GypH%@^ | LOCK|M!v | LOCK|&dzyRV$ |
Conagra Earnings: Organic Revenue Decline Within Our Expectations; Shares Remain Undervalued
Conagra's fiscal first-quarter organic net sales declined 0.6% year over year, with a 1.2% decrease in volume partially offset by higher price/mix. Negative operating leverage and cost inflation weighed on profitability as the adjusted operating margin contracted 244 basis points to 11.8%.
