ConAgra Falls Short On Q4 Revenue Amid Unfavorable Price Mix
ConAgra Falls Short On Q4 Revenue Amid Unfavorable Price Mix
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 ConAgra Brands, Inc. (NYSE:CAG) shares are trading lower on Thursday after the fourth-quarter results were reported.
週四ConAgra Brands, Inc. (NYSE:CAG) 股價下跌，因第四季度業績報告發布。
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.
公司報告調整後每股收益61美分，超過了分析師預期的57美分。季度營收爲290.5億美元，低於街道預期的293億美元。
The company's reported net sales decreased by 2.3% and organic net sales decreased by 2.4%.
公司報告的淨銷售額下降了2.3%，有機淨銷售額下降了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，下降是由於價格/混合因素對公司本季度戰略投資造成0.6%的負面影響，以及成交量下降1.8%造成的，主要是由於持續下降的消費趨勢所致。
Also See: Food Giants Pivot To Discounts And New Sizes Amid Decreased Spending by Low-Income Americans
此外還有：在低收入美國人消費減少的情況下，食品巨頭轉向折扣和新尺寸。
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個點子，達到27.7％，調整後毛利率上升了62個點子，達到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補充說，季度調整後EBITDA（包括權益法投資收益和養老金以及離退休人員非服務收入）爲5770萬美元。
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.
公司年底淨債務爲84億美元，比上年同期減少8.5％，導致資產負債比率爲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.
首席執行官Sean Connolly表示：“展望未來，我們預計消費者將適應並建立新的參考價格，這將使整個2024財年期間的行業趨勢逐漸減弱。”
Dividend: ConAgra approved the continuation of the company's annualized dividend rate of $1.40 per share.
股息：ConAgra批准繼續每股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.
該公司每股季度股息0.35美元將於8月29日支付給截至8月1日收盤時的股東。
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預計FY25有機淨銷售額將下降1.5％至持平於2024財年，並預計調整後的每股收益在2.60美元至2.65美元之間，而估計值爲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.
該公司預計FY25調整後營業利潤率在15.6％至15.8％之間。公司還預計營業成本銷售價格的通貨膨脹將持續到2025財年。
Price Action: CAG shares are trading lower by 2.43% to $28.11 premarket at last check Thursday.
截至上週四最後一次查詢時，CAG股票的交易價格爲28.11美元，下跌了2.43%。
Image via Shutterstock
圖片來自shutterstock。
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