2024-06-03 14:48:32 ET
Summary
- Conagra Brands' revenue growth is expected to turn positive in FY25 due to easing Y/Y comparisons and sequential volume recovery.
- The company's execution in launching innovative products and replicating successful strategies in other categories should aid market share and revenue growth.
- The stock is trading at a discount compared to historical averages, making it a good buy with improving revenue outlook and margin expansion prospects.
Investment Thesis
Conagra Brands, Inc.'s ( CAG ) revenue growth should turn positive in FY25, supported by easing Y/Y comparisons and sequential volume recovery. In addition, the company’s good execution in terms of launching innovative products should help it gain market share and aid revenue growth. The company is also well-positioned to capitalize on consumer acceptance and usage of the frozen food category due to its quality, convenience, and superior relative value....
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Conagra Brands: Improving Outlook And Discounted Valuation