Conagra Brands' Upcoming Q2 Preview
<p>RBC Capital analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/CAG'>Conagra Brands, Inc. (NYSE:CAG)</a> ahead of the upcoming Q2 results on Jan 5. The analysts expect organic growth of 7.4%, in line with the Street estimate, and EPS of $0.65, compared to the Street estimate of $0.66. </p>
<p>The analysts expect another strong quarter for the company and expect first-half performance will be enough for it to be in a position to raise guidance.</p>
<p>The company continues to see strong demand with lower elasticities, similar to the rest of the packaged food space. The company’s sales are up 10.6% in IRI for the Nov quarter, up from 9% in Aug. Growth continues to be mainly pricing driven but volumes have remained consistent--down high-single-digits with pricing up high teens-low twenties.</p>

NYSE:CAG