Conagra Brands had a decent quarter, surpassing Wall Street expectations but a big drop as compared to the corresponding period in 2020 when the company was enjoying Covid-19 tailwinds. It benefitted from a favorable price mix and currency tailwinds but the organic sales went down. The good news for the company was that it continued to realize cost synergies from its $10.9 billion acquisition of Pinnacle Foods. Like all other food companies, Conagra is also facing inflation-related challenges an ....
20 Jul 2021
Conagra Brands Inc - Investment Thesis, Key Drivers, Financial & Price Forecasts, DCF Valuation Report
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Conagra Brands Inc - Investment Thesis, Key Drivers, Financial & Price Forecasts, DCF Valuation Report
- Published:
20 Jul 2021 -
Author:
Ishan Majumdar -
Pages:
14
Conagra Brands had a decent quarter, surpassing Wall Street expectations but a big drop as compared to the corresponding period in 2020 when the company was enjoying Covid-19 tailwinds. It benefitted from a favorable price mix and currency tailwinds but the organic sales went down. The good news for the company was that it continued to realize cost synergies from its $10.9 billion acquisition of Pinnacle Foods. Like all other food companies, Conagra is also facing inflation-related challenges an ....