ConAgra Brands Inc.

$19.00

Want a discount? Become a member by purchasing Annual Subscription!
SKU: CAG-1 Category:

Description

Conagra Brands delivered a mixed set of results in its most recent quarter, with revenues falling short of Wall Street expectations. However, the company managed above-par earnings. Organic net sales increased in the fourth quarter. Despite persistent inflation, the management continued to implement disciplined pricing strategies, which helped make margin recovery a primary objective going into fiscal 2023. As Conagra made significant headway on its cost-saving initiatives and consequently saw a significant rise in service standards, its supply chain kept becoming better. The management anticipates that the temporary supply chain interruptions caused by the cybersecurity incident at Americold had an impact on its fourth-quarter volume, reducing revenue throughout the quarter. This disruption also impacted sales in the Refrigerated & Frozen segments. In the quarter, Refrigerated & Frozen continues to grow its operating profit and margin. The operating margins for groceries and snacks declined due to higher inventory reserves for seasonal surplus inventory and adverse manufacturing overhead absorption. Conagra Brands further expanded its product line by introducing more than 50 new items across its frozen, grocery, and snacking divisions. Conagra’s legendary brands have created innovative recipes that serve modern, tasty food in novel ways as consumer needs change. Overall, Conagra’s team remains determined to gain long-term growth and margin improvement. We give Conagra Brands a ‘Hold’ rating with a revised target price.

⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ DisclosuresWant unlimited access to our reports? Purchase our $99 annual subscription!