ConAgra Analysts Slash Their Forecasts Following Weak Sales
ConAgra Analysts Slash Their Forecasts Following Weak Sales
Conagra Brands, Inc. (NYSE:CAG) reported worse-than-expected fourth-quarter sales results and issued FY25 adjusted EPS guidance below estimates.
康尼格拉品牌公司（NYSE：CAG）報告了比預期更糟糕的第四季度銷售業績，併發布了比預期低的FY25調整後的EPS指導。
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, according to data from Benzinga Pro.
根據Benzinga Pro的數據，該公司報告的調整後每股收益爲61美分，超過分析師共識估計的57美分。季度收益爲29.05億美元，低於街道預期的29.3億美元。
"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。”
ConAgra approved the continuation of the company's annualized dividend rate of $1.40 per share. 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.
ConAgra覈准公司每股1.40美元的年化股息率的繼續，公司每季度每股0.35美元的股息將於8月29日支付給截至8月1日營業結束時的股東。
ConAgra said 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. 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.
康尼格拉表示，預計FY25有機淨銷售額將下降1.5％至與2024年財年持平，並預計調整後的EPS爲2.60至2.65美元，而市場預期爲2.63美元，公司的FY25調整後營業利潤率預計爲15.6％至15.8％，公司還預計營業成本的通脹將持續到2025財年。
ConAgra shares fell 1.5% to close at $28.38 on Thursday.
康尼格拉股價週四下跌1.5％，收於28.38美元。
These analysts made changes to their price targets on ConAgra after the company reported quarterly results.
這些分析師在公司報告季度業績後調整了對康尼格拉的價格目標。
- Stifel analyst Matthew Smith maintained Conagra Brands with a Hold and lowered the price target from $32 to $30.
- Evercore ISI Group analyst David Palmer maintained Conagra Brands with a Neutral and slashed the price target from $32 to $31.
- Stifel分析師Matthew Smith認爲康尼格拉仍然應該持有，但將目標價從 $32 降至 $30。
- Evercore ISI集團分析師David Palmer認爲康尼格拉中立，將目標價從 $32 降至 $31。
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