2024-04-24 13:39:47 ET
Summary
- Conagra Brands, Inc. posted Q3 earnings with a beat on the bottom line and in line with top-line expectations.
- Like any packaged food company, they have been dealing with declining volumes and higher inflation but remain value-priced.
- CAG also offers investors what appears to be quite a safe dividend of ~4.4% that looks set to continue to grow.
Written by Nick Ackerman.
Conagra Brands, Inc. ( CAG ) posted their latest Q3 earnings results a couple of weeks ago, which came in with a beat on the bottom line and were in-line with the top-line expectations. This was the 9th quarterly EPS beat in a row, and the company beat 15 out of the last 16 quarters. Revenue estimates have been a bit more mixed. The latest in-line results compare to 12 quarters of beats and 4 quarters of misses over the last 16 quarters....
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For further details see:
Conagra Brands: Offering A Secure And Growing Dividend