Sees FY25 adj EPS 2.60-2.65 usd (Il Sole 24 Ore Radiocor) - New York, 11 Jul - The US food company Conagra said that in full year ended May 26 reported diluted earnings per share decreased 49.3% to 0.72 dollars and adjusted EPS decreased 3.6% to 2.67 dollars.

In the sole fourth quarter, Conagrade posted a diluted loss per share of 1.18 dollars due to non-cash goodwill and brand impairment charges. The adjusted diluted EPS in the quarter was 0.61 dollars.

In the full year, net sales decreased 1.8% to 12.1 billion dollars, with organic sales down 2.1%.

In fiscal 2025, the company expects organic sales to decline 0-1.5% and the adjusted operating margin to be 15.6-15.8%, down from 16.0% in fiscal 2024.

Adjusted EPS is forecast at 2.60-2.65 dollars in fiscal 2025.

The net leverage ratio is anticipated to be approximately 3.2 times.

The board authorized the continuation of the company's annualized dividend rate of 1.40 dollars per share.

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(RADIOCOR) 11-07-24 19:20:44 (0643) 5 NNNN