NYSE$CAG
ConAgra Foods Inc · Q2 2025 earnings
Q2 2025 earnings · · Investor relations
Briefing
Conagra's second quarter of fiscal year 2025 resulted in a slight decrease in net sales but an increase in organic net sales, driven by volume growth, and diluted earnings per share decreased slightly.
Conagra Brands reported a slight decrease in net sales but an increase in organic net sales for the second quarter of fiscal year 2025. Reported EPS decreased slightly, but the company is updating its fiscal 2025 guidance to reflect these results and anticipated headwinds.
- Net sales decreased 0.4%, while organic net sales increased 0.3%.
- Reported operating margin was 12.6%, a 138 basis point decrease, and adjusted operating margin was 15.3%, a 57 basis point decrease.
- Reported diluted EPS was $0.59, a 1.7% decrease, and adjusted EPS was $0.70, a 1.4% decrease.
- Fiscal 2025 guidance was updated to reflect organic net sales near the midpoint of (1.5)% to flat compared to fiscal 2024, adjusted operating margin of approximately 14.8%, and adjusted EPS between $2.45 and $2.50.
Headline financials
Revenue & EPS history
ConAgra · Revenue · Quarterly
$3.2B
Revenue by segment
ConAgra · $549M total across 2 segments · Q1 2024
- Foodservice$289M+5.1%52.6%
- International$260M+11.1%47.4%
Forward guidance
Conagra is updating its fiscal 2025 guidance to reflect organic net sales near the midpoint of (1.5)% to flat compared to fiscal 2024, adjusted operating margin of approximately 14.8%, adjusted EPS between $2.45 and $2.50, and free cash flow conversion of greater than 100%.
Tailwinds
- Organic net sales near the midpoint of (1.5)% to flat compared to fiscal 2024
- Adjusted operating margin of approximately 14.8%
- Adjusted EPS between $2.45 and $2.50
- Free cash flow conversion of greater than 100%
- Capital expenditures to be approximately $450M for the year
Headwinds
- Inflation closer to 4%
- Adjusted effective tax rate of approximately 23.0%
- Net leverage ratio of approximately 3.4x
- Expect the business to be impacted by two headwinds in the back half including higher than expected inflation
- Expect the business to be impacted by two headwinds in the back half including unfavorable foreign exchange rates
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2025
+0.4%
Avg return
Earnings day
-0.5%
Avg return
5 days after
-0.0%
Avg return
30 days after
50%
36 / 72 earnings
Positive
+20.7%
Q2 2020
Best reaction
-23.9%
Q2 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | -0.1% | -6.2% | — | |
| Q2 2026 | -2.6% | -4.0% | -4.7% | |
| Q1 2026 | +5.5% | +2.2% | -6.1% | |
| Q4 2025 | -1.3% | -6.2% | -6.8% | |
| Q3 2025 | +1.5% | -5.3% | -9.6% | |
| Q2 2025 | -0.9% | +1.0% | -5.7% | |
| Q1 2025 | -10.3% | -11.1% | -11.5% | |
| Q4 2024 | -1.6% | +0.6% | +4.7% | |
| Q3 2024 | +7.0% | +7.6% | +5.3% | |
| Q2 2024 | -3.7% | +0.1% | +0.6% | |
| Q1 2024 | -0.5% | +3.8% | +4.8% | |
| Q4 2023 | -0.2% | -2.4% | -5.2% | |
| Q3 2023 | +2.1% | -0.0% | +0.6% | |
| Q2 2023 | +6.0% | +4.6% | -5.7% | |
| Q1 2023 | -2.8% | +0.3% | +6.4% | |
| Q4 2022 | -5.6% | -6.4% | -3.8% | |
| Q3 2022 | +0.5% | +2.2% | +3.6% | |
| Q2 2022 | +1.8% | -0.5% | +1.7% | |
| Q1 2022 | -2.2% | -3.1% | -5.5% | |
| Q4 2021 | -5.7% | -3.0% | -6.5% | |
| Q3 2021 | -2.8% | -0.1% | +1.9% | |
| Q2 2021 | -4.6% | -7.9% | -3.1% | |
| Q1 2021 | +3.3% | +3.2% | -1.7% | |
| Q4 2020 | +5.8% | +5.1% | +10.9% | |
| Q3 2020 | +5.4% | +10.6% | +18.5% | |
| Q2 2020 | +20.7% | +17.2% | +14.7% | |
| Q1 2020 | +1.3% | -1.4% | -10.0% | |
| Q4 2019 | -8.3% | -7.8% | +0.8% | |
| Q3 2019 | +15.5% | +18.4% | +33.3% | |
| Q2 2019 | -23.9% | -27.9% | -25.9% | |
| Q1 2019 | -5.8% | -7.3% | -1.8% | |
| Q4 2018 | -6.3% | -8.4% | -2.5% | |
| Q3 2018 | +0.5% | +2.7% | +3.1% | |
| Q2 2018 | -0.2% | +0.2% | -1.0% | |
| Q1 2018 | +1.2% | +0.2% | +1.0% | |
| Q4 2017 | -4.3% | -5.0% | -8.4% | |
| Q3 2017 | -0.0% | -0.7% | +0.4% | |
| Q2 2017 | +4.7% | +4.9% | +3.0% | |
| Q1 2017 | +9.2% | +10.1% | +11.5% | |
| Q4 2016 | +1.7% | +0.3% | -1.8% | |
| Q3 2016 | +1.6% | — | — | |
| Q2 2016 | +3.5% | — | — | |
| Q1 2016 | -6.8% | — | — | |
| Q4 2015 | +2.7% | — | — | |
| Q3 2015 | +5.2% | — | — | |
| Q2 2015 | -0.6% | — | — | |
| Q1 2015 | +5.0% | — | — | |
| Q4 2014 | +3.1% | — | — | |
| Q3 2014 | +1.6% | — | — | |
| Q2 2014 | +5.5% | — | — | |
| Q1 2014 | -3.3% | — | — | |
| Q4 2013 | +4.7% | — | — | |
| Q3 2013 | -2.5% | — | — | |
| Q2 2013 | -0.6% | — | — | |
| Q1 2013 | +7.3% | — | — | |
| Q4 2012 | +3.0% | — | — | |
| Q3 2012 | +1.1% | — | — | |
| Q2 2012 | -1.2% | — | — | |
| Q1 2012 | -1.4% | — | — | |
| Q4 2008 | +0.6% | — | — | |
| Q4 2011 | +0.6% | — | — | |
| Q3 2011 | -0.1% | — | — | |
| Q2 2011 | +0.3% | — | — | |
| Q1 2011 | +0.3% | — | — | |
| Q4 2010 | +1.1% | — | — | |
| Q3 2010 | -0.1% | — | — | |
| Q3 2009 | -0.1% | — | — | |
| Q2 2010 | +0.1% | — | — | |
| Q1 2010 | -0.5% | — | — | |
| Q4 2009 | -0.5% | — | — | |
| Q1 2009 | -0.5% | — | — | |
| Q2 2009 | -0.5% | — | — |
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