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...
To Read Full Story Login Below.
Submit comment or question
Note: All comments are displayed with user's screen name. If screen name is not present, user's full name will be used. Please go to My Account to update your screen name.
Comment Policy: Urner Barry has made the comment feature available to encourage further discussion of our news stories. Defamatory or offensive comments, or comments deemed not relevant to the story will be removed, and if necessary, Urner Barry may restrict the right of individual subscribers to offer comments. In all cases, comments represent opinions of the poster only, and do not represent fact, news, opinions or estimates put forward by Urner Barry.
Email Address is required. Password is required.