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Conagra (CAG) Q2 Earnings Surpass Estimates, Sales Up Y/Y
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Conagra’s quarterly adjusted earnings came in at 81 cents, which surpassed the Zacks Consensus Estimate of 73 cents. Moreover, the figure jumped 28.6% from the year-ago quarter’s figure. The year-over-year upside can be attributed to increased adjusted net income.
Conagra generated net sales of $2,995.2 million, which advanced 6.2% year over year and beat the Zacks Consensus Estimate of $2,992 million. The year-over-year sales growth was backed by higher organic sales, partly offset by adverse currency movements and the divestiture of Direct Store Delivery (DSD) snacks business, Lender's bagel business, H.K. Anderson business as well as the exit of the private label peanut butter business. The divestitures are collectively referred to as the Sold Businesses.
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https://finance.yahoo.com/news/conagra-c...06626.html
![[Bild: CAGd144953706i.png]](https://finviz.com/publish/011221/CAGd144953706i.png)
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Conagra’s quarterly adjusted earnings came in at 81 cents, which surpassed the Zacks Consensus Estimate of 73 cents. Moreover, the figure jumped 28.6% from the year-ago quarter’s figure. The year-over-year upside can be attributed to increased adjusted net income.
Conagra generated net sales of $2,995.2 million, which advanced 6.2% year over year and beat the Zacks Consensus Estimate of $2,992 million. The year-over-year sales growth was backed by higher organic sales, partly offset by adverse currency movements and the divestiture of Direct Store Delivery (DSD) snacks business, Lender's bagel business, H.K. Anderson business as well as the exit of the private label peanut butter business. The divestitures are collectively referred to as the Sold Businesses.
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https://finance.yahoo.com/news/conagra-c...06626.html
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