Conagra Brands reports for its third quarter 2023-24, adjusted EPS down 9.2% to $0.69 and adjusted operating margin down 0.5 points to 16.4%, on revenues of three billion, down 2% organically.

Volume trends in our domestic retail business continued to improve, with targeted investments, particularly in frozen foods, generating strong increases and market share gains", says CEO Sean Connolly.

On this occasion, the food group reaffirms its annual targets of adjusted EPS of $2.60 to $2.65 and organic revenues down by 1% to 2%, but raises its adjusted operating margin forecast to around 15.8% (from 15.6%).

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