Thursday, September 28, 2017

Conagra Brands Backs FY18 View As Q1 Earnings Beat View; Plans $1.1 Bln Buyback

Packaged food company Conagra Brands, Inc. (CAG) on Thursday reaffirmed its forecast for fiscal 2018 after reporting first-quarter adjusted earnings from continuing operations above market estimates. On a reported basis, attributable net income declined in the quarter. Further, the company said it expects to repurchase approximately $1.1 billion of shares in the fiscal year.

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