Conagra Brands, Inc. (NYSE: CAG), a leading provider of consumer packaged goods, on Thursday, reported a modest decline in adjusted earnings for the fourth quarter of 2024, reflecting a decrease in sales.
Net sales decreased 2.3% year-over-year to $2.91 billion in the May quarter. Organic net sales dropped 2.4%, hurt by the negative impact of unfavorable price/mix and a decline in volumes.
As a result, net income, adjusted for special items, edged down to $0.61 per share in Q4 from $0.62 per share in the year-ago quarter. On an unadjusted basis, the company reported a net loss of $567.3 million or $1.18 per share, compared to a profit of $37.5 million or $0.08 per share in the same period of 2023.
(this story will be updated shortly with infographic)
The post CAG Earnings: Conagra Brands Q4 2024 profit beats estimates; sales down 2% first appeared on AlphaStreet.
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