Incorporated in 1919, Chicago-based Conagra Brands, Inc. (CAG) is a major player in U.S. consumer-packaged food goods, with a $13.6 billion market cap. It is expected to announce its fiscal Q4 earnings before the market opens on Thursday, July 11.
Ahead of the event, analysts expect Conagra Brands to report a profit of $0.56 per share, down 9.7% from $0.62 per share in the year-ago quarter. However, the company has consistently outpaced Wall Street’s profit estimates in its recent quarterly reports. Its adjusted EPS of $0.69 for the last reported quarter dipped 9.2% annually, yet surpassing the consensus estimate by 7.8%. This downturn was fueled by amplified expenditures in advertising, promotions, and rising operational costs, compounded by economic headwinds like inflationary pressures dampening consumer spending.
