Conagra Brands Inc

CAG: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$39.00	Qcm	Gvgxphvwq

Conagra Earnings: Easing Volume Declines and Decent Margins, but Shares Fairly Valued

Kristoffer Inton

Apr 5, 2024

Over recent quarters, the challenging macroeconomic environment has weighed on no-moat Conagra’s results. However, its fiscal 2024 third-quarter earnings release showed some early signs of headwinds easing. Organic sales declined 2% over the prior year and adjusted operating profit margin recovered to 16.4%, an improvement from fiscal second quarter’s 3.4% decline and margin of 15.9%, respectively.

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We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

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