Conagra Brands (CAG) Beats on Q1 FY 2018 Earnings & Revenues

Conagra Brands, Inc.CAG has carved a name for itself in the processed & packaging food industry with superior processed food items for household and commercial clients.

Currently, CAG has a Zacks Rank #3 (Hold), but that could definitely change after the release of its first-quarter fiscal 2018 (ended Aug 31, 2017) results. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .

We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: CAG's adjusted earnings from continuing operations in first-quarter fiscal 2018, came in at 46 cents, above with the Zacks Consensus Estimate of 41 cents.

Revenue: CAG posted revenues of $1,804.2 million, above the Zacks Consensus Estimate of $1,787 million.

Key Stats: CAG is poised to grow on the back of stronger innovation, ongoing volume strategy and increased sales. The company reaffirmed its earnings guidance range within 1.84-$1.89 per share for fiscal 2018. Moreover, Conagra plans to buyback roughly $1.1 billion worth shares of its common stock in fiscal 2018.

Stock Price: Shares prices of CAG did not change on a pre-market trading basis.

As of Sep 27, 2017, CAG's closed the trading session at $33.34 per share.

Conagra Brands, Inc. Price

ConAgra Foods Inc. Price | ConAgra Foods Inc. Quote

Check back our full write up on this CAG earnings report later!

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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