trending Market Intelligence /marketintelligence/en/news-insights/trending/SyVNui2lrlbTPSPcTL8BPw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Conagra shares rise as Q2'20 earnings beat estimates

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

Conagra shares rise as Q2'20 earnings beat estimates

Shares of Conagra Brands Inc. jumped 18% on Dec. 19 after the food company posted earnings that surpassed analysts' expectations for the second fiscal quarter.

For the three months ended Nov. 24, the maker of Slim Jim meat snacks said adjusted diluted EPS rose 8.3% year over year to 63 cents, beating the S&P Global Market Intelligence consensus normalized EPS estimate of 57 cents.

Net sales jumped 18.3% to $2.82 billion from $2.38 billion in the year-ago period, while organic net sales grew 1.6%.

The Chicago-based food company reported that approximately $42 million of incremental cost synergies were realized in the second quarter as it continues to integrate Pinnacle Foods Inc. into its operations. It raised its total annual cost synergies target for the acquisition to $305 million from $285 million by the end of fiscal 2022.

Meanwhile, Conagra cut its full-year adjusted diluted EPS outlook to a range of $2.07 to $2.17, compared with its prior guidance of $2.08 to $2.18, to reflect the sale of its Direct Store Delivery snacks business to Utz Quality Foods LLC.

It also lowered its net sales growth outlook to a range of 12.4% to 12.9% from the previous 13.5% to 14%. However, it maintained that organic net sales will increase between 1% and 1.5% for the full year.

Shares of Conagra were up 18.11% at $34.31 in morning trading in New York.