Conagra Brands (CAG) Stock Surges: What Financial Details You should Be Aware Of?

Today, the company reported about the fiscal first-quarter net income which has totaled more than $235.4 million, or 49 cents for every share, which is less from $329.0 million, or 67 cents per share in the previous year. Adjusted EPS of 50 cents overcame the expectations of 48 cents. The sales are $2.653 billion while in the last year it was $2.679 billion. However, it is higher than was expected and the awaited one was $2.539 billion.

So, if we take a look at the stock for the last 30 days, we can see that it was performing with pretty high volatility. For example, the lowest price of the CAG was $32.78 on September 10 while the highest one was $34.99 on September 29. The CEO of Conagra Brands Incorporation, Sean Connolly said that the company is in the process of implementation of its profit plan despite the financial loss. He said that now they are experiencing pressure because of inflation. The market capitalization of the company is 16.562 billion. 

Agneta Johansen

Agneta is still enjoying her trips to Asia and Africa while she works at Own Snap as an author and reporter. Very soon she will settle somewhere in Europe and run her startup enterprise.