U.S. markets close in 5 hours 50 minutes
  • S&P 500

    3,669.32
    +47.69 (+1.32%)
     
  • Dow 30

    30,015.50
    +376.86 (+1.27%)
     
  • Nasdaq

    12,341.14
    +142.40 (+1.17%)
     
  • Russell 2000

    1,843.42
    +23.60 (+1.30%)
     
  • Crude Oil

    44.91
    -0.43 (-0.95%)
     
  • Gold

    1,814.10
    +33.20 (+1.86%)
     
  • Silver

    23.75
    +1.16 (+5.12%)
     
  • EUR/USD

    1.1998
    +0.0063 (+0.53%)
     
  • 10-Yr Bond

    0.8930
    +0.0490 (+5.81%)
     
  • GBP/USD

    1.3359
    +0.0027 (+0.20%)
     
  • USD/JPY

    104.5100
    +0.1860 (+0.18%)
     
  • BTC-USD

    19,417.60
    +17.83 (+0.09%)
     
  • CMC Crypto 200

    381.64
    +1.78 (+0.47%)
     
  • FTSE 100

    6,392.44
    +126.25 (+2.01%)
     
  • Nikkei 225

    26,787.54
    +353.92 (+1.34%)
     

Conagra Brands: Q1 Earnings Insights

Benzinga Insights
·1 min read

Shares of Conagra Brands (NYSE:CAG) fell 0.6% in pre-market trading after the company reported Q1 results.

Earnings per share rose 62.79% over the past year to $0.70, which beat the estimate of $0.57.

Revenue of $2,679,000,000 rose by 12.05% from the same period last year, which beat the estimate of $2,610,000,000.

Conagra Brands hasn't issued any earnings guidance for the time being.

Conagra Brands hasn't issued any revenue guidance for the time being.

Date: Oct 01, 2020

View more earnings on CAG

Time: 09:30 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/cag/mediaframe/40407/indexr.html

Company's 52-week high was at $39.34

52-week low: $22.83

Price action over last quarter: down 0.48%

Conagra Brands is a packaged food company that operates predominantly in the United States (92% of revenue and 94% of profits). It has a significant presence in the freezer aisle, with brands such as Marie Callender's, Healthy Choice, Banquet, and Birds Eye. Popular center-of-store brands include Duncan Hines, Hunt's, Slim Jim, Vlasic, Orville Redenbacher's, and Chef Boyardee. While the majority of revenue is sold into the U.S. retail channel, we estimate about 8% of fiscal 2020 sales were to the food-service channel, down from 10% if fiscal 2019 due to the pandemic.

See more from Benzinga

© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.