Conagra Brands, Inc. (CAG) posted a growth of 15.8% in its first-quarter adjusted earnings per share from a year ago. Adjusted operating margin was 16.7%, a 297 basis point increase over the prior year quarter. First quarter net sales were flat with prior year, impacted by elongated volume recovery timetable. Organic net sales declined 0.3%, for the quarter, driven by a 6.6% decrease in volume largely due to industry-wide slowdown in consumption and recent consumer behavior shifts, partially offset by a 6.3% improvement in price/mix.
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