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Conagra Brands Inc. Posts Q1 Results

10/18/2021

Conagra Brands (CAG) posted results for the first quarter of fiscal 2022 on October 7th.  For the period ending August 29th, 2021 the company earned $235.4 million on net revenue of $2,653 million.  Comparable values for the first quarter of fiscal 2021 ending August 30th, 2020 comprised net income of $329 million on net sales of $2,679 million.  Earnings per share fell 26.9 percent to $0.49 for the most recent quarter.

 

Conagra posted total assets of $22.5 billion of which $15.4 billion comprised goodwill and intangibles.  The company carries $10.813billion in long-term debt. Conagra Brands has a market capitalization of $15.95 billion.  The share has traded in a 52-week range of $32.25 to $39.09 with a 50-day moving average of $33.50.  On a trailing 12-month basis, operating margin was 16.7 percent and profit margin 10.8 percent.  The Company generated a return on assets of 5.2 percent and 14.3 percent on equity.