Conagra brands reports fourth quarter results

Conagra brands reports strong fourth quarter and full-year results.q4 adjusted earnings per share $0.75.q4 earnings per share $0.41 from continuing operations.q4 earnings per share estimate $0.64 -- refinitiv ibes data.sees q1 adjusted earnings per share $0.54 to $0.59.q4 earnings per share $0.41.q4 net sales increased 25.8%; organic net sales increased 21.5%.in quarter, net sales increased 25.8% to $3.3 billion.remains on-track to deliver its fiscal 2022 algorithm.net sales for refrigerated & frozen segment increased 23.3% to $1.4 billion in quarter.impact that covid-19 pandemic will have on company's fiscal 2021 consolidated results remains uncertain.net sales for grocery & snacks segment increased 44.1% to $1.5 billion in quarter.does expect retail and foodservice demand levels to trend toward historical norms as fiscal year progresses.providing guidance for q1 fiscal 2021 of organic net sales growth in range of 10% to 13%.to-date in q1, co has continued to see a significant increase in demand in its retail business.to-date in q1, co continued to see reduced demand for its foodservice products versus pre-covid-19 pandemic demand levels.covid-19 related costs have also continued to impact business to-date in q1.sees q1 adjusted eps of $0.54 to $0.59.q1 earnings per share view $0.54, revenue view $2.52 billion -- refinitiv ibes data.
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