conagra
Key PointsConagra reported a solid quarter and has the entire staples sector moving higher.Staples stocks and Conagra are set to break out with many on track for new all-time highs.The stock offers yield and value akin to Kraft Heinz, which reports in a few weeks.5 stocks we like better than Conagra BrandsThe consumer staples sector and packed food stocks like Kraft Heinz (NASDAQ:KHC) specifically are getting a lift from Conagra Brands, Inc (NYSE:CAG) Q3 results. The report highlighted the company’s pricing power and earnings ability in tough operating conditions, which may foreshadow similar ...
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Consumer packaged foods giant Conagra Brands, Inc. (NYSE:CAG) stock rebounded into its fiscal Q3 2022 earnings. However, the Company lowered its guidance mainly due to a surge in inflationary pressures. The Company faced higher-than-expected cost pressures which ate into margins. However, it has been implementing price inflation-driven price-actions that will be seen in fiscal Q1 2023 as consumer demand still remains very strong. Keep in mind the price hikes being passed onto consumers still take time to hit the bottom line. The higher inflation is affecting its strongest business lines includ...
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