Conagra Brands Inc
CAG: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.&%MjJ@ | LOCK|!n | LOCK|JPHJ<> |
Conagra Earnings: Macroeconomic Headwinds Continue to Weigh on Volumes, but Shares Are Undervalued
Conagra's fiscal second-quarter organic net sales declined 3% year over year, driven entirely by lower volumes. Negative operating leverage and cost inflation weighed on profitability as the adjusted operating margin contracted 4 percentage points to 11.3%.
