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Conagra Brands Reports First Quarter Results

Today Conagra Brands, Inc. reported results for the first quarter of fiscal year 2023, which ended on August 28, 2022. All comparisons are against the prior-year fiscal period, unless otherwise noted.

Highlights
- First quarter net sales increased 9.5%; organic net sales increased 9.7%
- Operating margin in the quarter was (0.7%); adjusted operating margin was 13.7%
- Diluted loss per share for the first quarter was $0.16, and adjusted earnings per share (EPS) was $0.57
- First quarter operating margin, net income, and diluted EPS were impacted by non-cash goodwill and intangible asset...

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