Conagra: Why Consumer Purchasing Habits Look Poised to Swing in Favor of the Food Giant
The coronavirus pandemic changed society in significant ways, but only temporarily in many cases. However, even after several years, the effects of that global event are still playing out. Conagra (NYSE: CAG), for example, noted that buying habits among consumers have been unusual lately. Like so many other things in society, will a return to normal be coming soon?
Let's take a closer look at this food maker and what else it had to say about the situation.
Conagra recently reported results for the fiscal first quarter of 2024. The company's performance was a bit of a mixed bag. Organic sales were off by 0.3% year over year while adjusted earnings were up 15.8% thanks largely to a 16.8 percentage point improvement in operating margin. A simplified view of this is that the company managed to do more with less, but there's more to the story.
Source Fool.com
