Conagra Brands (CAG) Stock: Why The Price Increased Today

Apr 7th, 2022 10:31 EST
  • The stock price of Conagra Brands, Inc. (NYSE: CAG) increased by over 1.5% during intraday trading today. This is why.

The stock price of Conagra Brands, Inc. (NYSE: CAG) increased by over 1.5% during intraday trading today. Investors are responding positively to the company’s third-quarter results.

ConAgra Brands reported a non-GAAP EPS of $0.58, which was in-line with expectations. And the revenue for the quarter was $2.91 billion, beating expectations by $70 million.

In terms of the Q4 outlook, the organic net sales growth is expected to be approximately +7%. And for the Fy2022 outlook, the organic net sales growth is expected to be approximately +4% versus prior guidance of approximately +3%.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.

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