Conagra Brands Stock Fair Value Calculator – CONAGRA BRANDS Announces Q2 FY2024 Earnings Results for January 4, 2024

🌥️Earnings Overview

On November 30, 2023, CONAGRA BRANDS ($NYSE:CAG) reported its earnings results for the second quarter of FY2024, which ended on January 4, 2024. Total revenue for the quarter was USD 3208.1 million, a 3.2% decrease from the same period in the prior year. Net income was USD 286.2 million, a 25.1% decrease compared to the year before.

Share Price

On Thursday, January 4, 2024, CONAGRA BRANDS announced its second quarter fiscal year 2024 earnings results. The company’s stock opened at $29.8 and closed at $28.7, a decrease of 1.9% from the previous closing price of $29.3. Overall, the company’s performance was positive despite some challenging market conditions, and investors were pleased with the results. Looking forward, CONAGRA BRANDS expects to continue to improve its profitability in the coming quarters as it continues to invest in its brands and diversify its product portfolio. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Conagra Brands. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Conagra Brands. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Conagra Brands. More…

Key Ratios Snapshot

Some of the financial key ratios for Conagra Brands are shown below. More…

Analysis – Conagra Brands Stock Fair Value Calculator

At GoodWhale, we have conducted an in-depth analysis of CONAGRA BRANDS‘ fundamentals, and have determined that the intrinsic value of CONAGRA BRANDS’ share is approximately $35.8. This figure was calculated using our proprietary Valuation Line, which takes into account a variety of factors such as current and historical financials, industry trends, and market sentiment. The current price of CONAGRA BRANDS’ stock is $28.7, representing a 19.7% discount to its intrinsic value. This suggests that the stock is undervalued at the moment and may be a good buy for those looking for an investment opportunity. More…

Peers

The company’s products are sold in more than 100 countries and are marketed under well-known brands such as Healthy Choice, Hunt’s, Slim Jim, Snack Pack, and Vlasic. Conagra’s competitors include JM Smucker Co, General Mills Inc, and McCormick & Co Inc.

– JM Smucker Co ($NYSE:SJM)

The J. M. Smucker Company has a market capitalization of $15.57 billion as of 2022 and a return on equity of 7.19%. The company manufactures and markets branded food and beverage products, including coffee, peanut butter, shortening and oils, frozen snacks, fruits and vegetable snacks, and health and wellness products.

– General Mills Inc ($NYSE:GIS)

General Mills Inc is a food company that manufactures and sells branded consumer foods worldwide. The company has a market cap of 48.09B as of 2022 and a Return on Equity of 20.18%. The company’s products include cereals, snacks, yogurt, baking mixes, and more.

– McCormick & Co Inc ($NYSE:MKC)

McCormick & Co Inc is a food company that manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavoring products. The company has a market cap of 22.46B as of 2022 and a return on equity of 13.21%. The company’s products are sold in over 180 countries and territories.

Summary

Investors analyzing CONAGRA BRANDS should be aware that the company’s second quarter of FY2024 results showed a decrease in both revenue and net income year-on-year. Total revenue for the period was USD 3208.1 million, representing a 3.2% decrease from the same quarter in the previous year. Net income was USD 286.2 million, a 25.1% decrease from the same period in the prior year. Despite these decreases, CONAGRA BRANDS still remains an attractive investment opportunity for those seeking a well-established consumer food brand.