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Apr 3, 12:07 PM
Conagra Reports 6.33% Revenue Drop, Lamb Weston Stock Rises 11% on EPS Beat
Company Earnings
Stocks
Business

Conagra Reports 6.33% Revenue Drop, Lamb Weston Stock Rises 11% on EPS Beat

Authors
  • MarketWatch
  • WSJ Business News
  • Earnings Whispers
11

Conagra Brands reported its fiscal third-quarter results, revealing a 6.33% year-over-year decline in revenue to $2.84 billion, missing expectations by $59 million. The company's earnings per share (EPS) fell 26.09% year-over-year to $0.51, missing estimates by $0.02. The results were impacted by supply chain disruptions, decreased volumes, and bargain hunting, leading to a 2% pre-market drop in its stock price. Lamb Weston announced its fiscal third-quarter results, surpassing expectations with an EPS beat of $0.21. The company reaffirmed its fiscal year 2025 outlook, driving a significant pre-market stock increase of 5.5%, which later rose to 11% during the trading session. Observers humorously attributed the stock's rise to 'potato power.'

Written with ChatGPT (GPT-4o).

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