ConAgra Falls Short On Q4 Revenue Amid Unfavorable Price Mix
ConAgra Falls Short On Q4 Revenue Amid Unfavorable Price Mix
ConAgra Brands, Inc. (NYSE:CAG) shares are trading lower on Thursday after the fourth-quarter results were reported.
周四ConAgra Brands, Inc. (NYSE:CAG) 股价下跌，因第四季度业绩报告发布。
The company reported adjusted earnings per share of 61 cents, beating the analyst consensus estimate of 57 cents. Quarterly revenues of $2.905 billion missed the street view of $2.930 billion.
公司报告调整后每股收益61美分，超过了分析师预期的57美分。季度营收为290.5亿美元，低于街道预期的293亿美元。
The company's reported net sales decreased by 2.3% and organic net sales decreased by 2.4%.
公司报告的净销售额下降了2.3%，有机净销售额下降了2.4%。
ConAgra said that the decrease was driven by a 0.6% negative impact from price/mix, largely due to the company's strategic investments in the quarter, and a 1.8% decrease in volume, primarily due to continued lower consumption trends.
ConAgra表示，下降是由于价格/混合因素对公司本季度战略投资造成0.6%的负面影响，以及成交量下降1.8%造成的，主要是由于持续下降的消费趋势所致。
Also See: Food Giants Pivot To Discounts And New Sizes Amid Decreased Spending by Low-Income Americans
此外还有：在低收入美国人消费减少的情况下，食品巨头转向折扣和新尺寸。
Gross margin increased 135 basis points to 27.7% in the quarter, and adjusted gross margin increased 62 basis points to 27.6%.
季度毛利率上升了135个基点，达到27.7％，调整后毛利率上升了62个基点，达到27.6％。
Adjusted EBITDA, which includes equity method investment earnings and pension and postretirement non-service income, was $577 million in the quarter, ConAgra added.
ConAgra补充说，季度调整后EBITDA（包括权益法投资收益和养老金以及离退休人员非服务收入）为5770万美元。
The company ended the year with net debt of $8.4 billion, representing an 8.5% reduction in net debt versus the prior year, resulting in a 3.37x net leverage ratio at fiscal year-end.
公司年底净债务为84亿美元，比上年同期减少8.5％，导致资产负债比率为3.37倍。
"Looking ahead, we expect a gradual waning of the challenging industry trends seen throughout fiscal year 2024, as consumers adapt and establish new reference prices," said Sean Connolly, president and chief executive officer.
首席执行官Sean Connolly表示：“展望未来，我们预计消费者将适应并建立新的参考价格，这将使整个2024财年期间的行业趋势逐渐减弱。”
Dividend: ConAgra approved the continuation of the company's annualized dividend rate of $1.40 per share.
股息：ConAgra批准继续每股1.40美元的年化股息水平。
The company's quarterly dividend payment of $0.35 per share will be paid on August 29 to stockholders of record as of the close of business on August 1.
该公司每股季度股息0.35美元将于8月29日支付给截至8月1日收盘时的股东。
Outlook: ConAgra sees FY25 organic net sales to be down 1.5% to flat compared to fiscal 2024 and adjusted EPS between $2.60 and $2.65 versus the $2.63 estimate.
展望：ConAgra预计FY25有机净销售额将下降1.5％至持平于2024财年，并预计调整后的每股收益在2.60美元至2.65美元之间，而估计值为2.63美元。
The company's FY25 adjusted operating margin is expected between 15.6% and 15.8%. The company also expects the cost of goods sold inflation to continue into fiscal 2025.
该公司预计FY25调整后营业利润率在15.6％至15.8％之间。公司还预计营业成本销售价格的通货膨胀将持续到2025财年。
Price Action: CAG shares are trading lower by 2.43% to $28.11 premarket at last check Thursday.
截至上周四最后一次查询时，CAG股票的交易价格为28.11美元，下跌了2.43%。
Image via Shutterstock
图片来自shutterstock。
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