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# Conagra: Keeping My Expectations Low Ahead Of Earnings (Archive)
- URL: https://www.huntingalphas.com/conagra-keeping-my-expectations-low-ahead-of-earnings-archive/
- Published: 2024-09-30T17:50:00.000Z
- Updated: 2026-02-28T03:03:59.000Z
- Description: Conagra’s discounted valuation offers upside, but weak execution tempers my near-term expectations.
- Author: Vish (Hunting Alphas)
- Tags: 5-Minute Pitches, #noindex, Archive, #sa-origin, Consumer Staples, CAG

*This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.*

## Elevator Pitch

- Conagra Brands, Inc.'s Grocery & Snacks and Refrigerated & Frozen segments are the main drivers of revenue and adjusted EBIT performance. My analysis focuses mainly on the revenue dynamics of these units.
- Revenues are pressured by volume and pricing pressures, present across all major segments. Volume growth in Frozen is driven by pricing reductions, which contradicts management's pricing outlook for FY25.
- Conagra's execution is patchy; the company has missed on revenue results and also lowered guidance expectations. Management has warned that Q1 FY25 is seasonally weak. I'm looking for optimism in Q2.
- 1-yr fwd P/Es are discounted vs. history and are also trading at a larger than usual discount vs. comps, making a case for multiple reversions and upside.
- Relative to the S&P500, CAG is in a broader monthly and quarterly downtrend. There may be some incremental upside, but I anticipate eventual underperformance to continue.

Read the full article [here](https://seekingalpha.com/article/4724278-conagra-keeping-my-expectations-low-ahead-of-earnings?ref=huntingalphas.com).

#### Disclosures and Disclaimers

**Past performance ≠ future results. Not investment advice. See* [**full Disclaimer*](https://www.huntingalphas.com/disclaimer/)**.*