CAG / Conagra (CAG) Beats Q1 Earnings Estimates Despite Low Volumes

Conagra is a large consumer staples company that sells products like popcorn and meat sticks. The shift in consumer habits may be starting to turn bac more_horizontal

The classic definition of a value trap is a stock or investment that appears to be trading at a cheap price and has valuation metrics such as its pric more_horizontal

Consumer staples stocks are beaten down and trading at significant support levels where buying should begin; values are at historic lows, and yields a more_horizontal

Conagra's Q1 results show disappointing 6.6% volume decreases and increasing interest expenses. The company has mediocre historical profits with low R more_horizontal

CAG saw its stock trading at around $31 on June 18, 2022, when the Fed kept increasing rates, and now remains down by about 13% from those levels. more_horizontal

But does Novo Nordisk's good fortune translate to lower sales for companies like Walmart Inc. NYSE: WMT, Coca-Cola Co. NYSE: KO and PepsiCo Inc. NASDA more_horizontal

Conagra Brands (CAG) reported mixed first-quarter earnings on October 5, with adjusted earnings per share topping expectations. Conagra CEO Sean Conno more_horizontal

Amid ongoing financial challenges, Conagra Brands is seeing consumers' desire to save on food spending finally outweigh their demand for convenience, more_horizontal