Here's What Key Metrics Tell Us About Conagra Brands (CAG) Q3 Earnings

Zacks
03 Apr

For the quarter ended February 2025, Conagra Brands (CAG) reported revenue of $2.84 billion, down 6.3% over the same period last year. EPS came in at $0.51, compared to $0.69 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $2.89 billion, representing a surprise of -1.67%. The company delivered an EPS surprise of -1.92%, with the consensus EPS estimate being $0.52.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Conagra Brands performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Price/Mix - Grocery and Snacks: -2.6% versus -1.3% estimated by four analysts on average.
  • Price/Mix - Foodservice: 3.7% versus the four-analyst average estimate of 2.4%.
  • Volume (Organic) - Foodservice: -10% versus the four-analyst average estimate of -2.1%.
  • Price/Mix - International: 4.4% versus the four-analyst average estimate of 1.4%.
  • Volume (Organic) - International: -5.6% versus the four-analyst average estimate of -0.3%.
  • Price/Mix - Refrigerated and Frozen: -4.2% versus the four-analyst average estimate of -3%.
  • Volume (Organic) - Refrigerated and Frozen: -3% compared to the -2.3% average estimate based on four analysts.
  • Volume (Organic) - Grocery and Snacks: -1.3% versus the four-analyst average estimate of 0.5%.
  • Sales- Grocery & Snacks: $1.25 billion versus the four-analyst average estimate of $1.29 billion. The reported number represents a year-over-year change of -3.2%.
  • Sales- Foodservice: $256.10 million compared to the $273.70 million average estimate based on four analysts. The reported number represents a change of -6.1% year over year.
  • Sales- International: $223.90 million compared to the $242.41 million average estimate based on four analysts. The reported number represents a change of -17.6% year over year.
  • Sales- Refrigerated & Frozen: $1.12 billion versus the four-analyst average estimate of $1.14 billion. The reported number represents a year-over-year change of -7.2%.
View all Key Company Metrics for Conagra Brands here>>>

Shares of Conagra Brands have returned +3.9% over the past month versus the Zacks S&P 500 composite's -4.7% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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