Edition:
United Kingdom

Conagra Brands Q1 Adjusted EPS $0.47 From Continuing Operations


Thursday, 27 Sep 2018 

Sept 27 (Reuters) - Conagra Brands Inc ::CONAGRA BRANDS REPORTS SOLID FIRST QUARTER RESULTS.REAFFIRMS FULL YEAR FISCAL 2019 STANDALONE GUIDANCE.Q1 ADJUSTED EARNINGS PER SHARE $0.47 FROM CONTINUING OPERATIONS.Q1 EARNINGS PER SHARE $0.45 FROM CONTINUING OPERATIONS.NET SALES FOR GROCERY & SNACKS SEGMENT INCREASED 3.4% TO $771 MILLION IN QUARTER.NOW EXPECT PINNACLE FOODS TRANSACTION TO CLOSE BY END OF OCTOBER 2018.COMPANY IS PROVIDING STANDALONE FISCAL Q2 2019 GUIDANCE.FOR Q2 2019 ORGANIC NET SALES GROWTH, EXCLUDING TRENTON, IS EXPECTED TO BE FLAT TO SLIGHTLY DOWN VERSUS PRIOR-YEAR PERIOD.CONAGRA BRANDS - QTRLY TOTAL SALES $1,834.4 MILLION VERSUS $1,804.2 MILLION.Q1 EARNINGS PER SHARE VIEW $0.49, REVENUE VIEW $1.85 BILLION -- THOMSON REUTERS I/B/E/S.NET SALES FOR REFRIGERATED & FROZEN SEGMENT INCREASED 3.2% TO $635 MILLION IN QUARTER.IN FUTURE, COMPANY EXPECTS "MODEST" DIVIDEND INCREASES.CONAGRA BRANDS - SEES Q2 REPORTED NET SALES GROWTH TO BE ABOUT 40 BASIS POINTS LOWER THAN ORGANIC NET SALES GROWTH RATE, EXCLUDING TRENTON.SEES Q2 2019 ADJUSTED DILUTED EPS IN RANGE OF $0.57 TO $0.60.Q2 EARNINGS PER SHARE VIEW $0.64 -- THOMSON REUTERS I/B/E/S.FY2019 EARNINGS PER SHARE VIEW $2.24, REVENUE VIEW $8.02 BILLION -- THOMSON REUTERS I/B/E/S.