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Conagra Brands (CAG) Beats on Q1 FY 2018 Earnings & Revenues

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Conagra Brands, Inc. (CAG - Free Report) has carved a name for itself in the processed & packaging food industry with superior processed food items for household and commercial clients.

Currently, CAG has a Zacks Rank #3 (Hold), but that could definitely change after the release of its first-quarter fiscal 2018 (ended Aug 31, 2017) results. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

We have highlighted some of the key stats from this just-revealed announcement below:

Earnings:  CAG’s adjusted earnings from continuing operations in first-quarter fiscal 2018, came in at 46 cents, above with the Zacks Consensus Estimate of 41 cents.

Revenue: CAG posted revenues of $1,804.2 million, above the Zacks Consensus Estimate of $1,787 million.     

Key Stats: CAG is poised to grow on the back of stronger innovation, ongoing volume strategy and increased sales. The company reaffirmed its earnings guidance range within 1.84-$1.89 per share for fiscal 2018. Moreover, Conagra plans to buyback roughly $1.1 billion worth shares of its common stock in fiscal 2018.

Stock Price:  Shares prices of CAG did not change on a pre-market trading basis.

As of Sep 27, 2017, CAG’s closed the trading session at $33.34 per share.  

Check back our full write up on this CAG earnings report later!

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