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Conagra Brands Reports Quarterly Results

Published April 4, 2025

Conagra Brands, Inc. (CAG) announced its third quarter earnings on Thursday, April 3. The Chicago-based company reported a decline in sales and earnings. The company’s stock declined by 2% after the report was released.

The company reported revenue of $2.84 billion during the third quarter. This was a decrease in revenue from $3.03 billion in the same quarter last year and below analysts’ estimates of $2.90 billion.

“Our third quarter unfolded largely as expected since our update in February at CAGNY, with strong consumption trends and share performance reflecting the continued resilience of our brands,” said Conagra CEO, Sean Connolly. “While shipments lagged consumption largely due to the discrete supply constraints we announced in February, we are making solid progress in restoring inventory and improving customer service levels. We continue to monitor the dynamic external environment while remaining focused on execution, and our fiscal 2025 guidance remains unchanged at this time.”

For the quarter, Conagra reported adjusted net income of $145.1 million or $0.30 per diluted share. This is a decline from net income of $308.6 million or $0.64 per diluted share at the same time last year.

The packaged foods company, which owns popular brands such as Duncan Hines, Healthy Choice and Slim Jim, reported that organic net sales decreased 5.2% due to a negative impact from pricing strategies and product mix as well as a decline in volume. The company’s Grocery and Snacks segment accounted for $1.2 billion in net sales, a 3.2% decrease from one year ago. Conagra’s Refrigerated and Frozen segment declined 7.2% to $1.1 billion year-over-year. Sales in the Foodservice segment decreased by 6.1% to $256 million. The company’s fiscal 2025 outlook remained unchanged as they continue to expect adjusted earnings per share to be $2.35 and organic net sales to decrease by 2% compared to last year.

Conagra Brands, Inc. (CAG) shares ended the week at $26.71, relatively unchanged for the week.

Lamb Weston Announces Third Quarter Results

Lamb Weston Holdings, Inc. (LW) announced its third quarter earnings on Thursday, April 3. The Idaho-based potato processing company reported better-than-expected earnings, causing its shares to rise by almost 10% following the report.

The company reported revenue of $1.52 billion during the third quarter. This was up 4% from revenue of $1.46 billion in the same quarter last year and above analysts’ estimates of $1.48 billion.

“As a result of the actions we took in early fiscal 2025 to drive operational and cost efficiencies, we closed the quarter with sequentially improved volume trends and profitability metrics that were in line with our previously updated fiscal 2025 outlook,” said Lamb Weston CEO, Mike Smith. “Thanks to our team’s fiscal discipline and focused execution, we continue to deliver the cost savings identified in the Restructuring Plan announced in October 2024. We remain on track to achieve our goal of reducing capital spending by $250 million this year compared with the prior fiscal year.”

For the quarter, Lamb Weston reported net income of $146.0 million or $1.03 per adjusted share. This was relatively unchanged from the net income at the same time last year.

The frozen food supplier reported a 4% rise in net sales for its North America segment, reaching $986.3 million. The company’s International segment reported net sales of $534.2 million, up 5% from $510.8 million reported at the same time last year. The company reaffirmed its fiscal 2025 outlook and is expecting net sales of $6.35 billion to $6.45 billion and adjusted diluted earnings per share to be between $3.05 to $3.20. Lamb Weston declared a dividend of $0.37 per share of common stock, payable on May 30, 2025, to the stockholders of record on May 2, 2025.

Lamb Weston Holdings, Inc. (LW) shares ended the week at $53.64, up 10% for the week.

Acuity Posts Earnings Report

Acuity, Inc. (AYI) reported its second quarter earnings on Thursday, April 3. The technology company’s stock fell by more than 4% following the release of the report.

The company’s net sales reached $1.01 billion for the second quarter, up 11% from $905.9 million during the same period last year. This was below analysts’ expectations of $1.04 billion for the quarter.

“We delivered steady performance in the second quarter of fiscal 2025,” said Acuity, Inc. CEO, Neil Ashe. “We grew net sales, expanded our adjusted operating profit and adjusted operating profit margin, and we increased our adjusted diluted earnings per share.”

Acuity reported quarterly net income of $77.5 million or $2.45 per adjusted share. This was a decrease from $89.2 million in net income or $2.84 per adjusted share during the same period last year.

The Atlanta, Georgia-based industrial technology manufacturer saw increased sales throughout its two main segments. Net sales for Acuity Brands Lighting (ABL) reached $840.6 million, a decrease of $2.9 million compared to the prior year. Acuity Intelligent Spaces (AIS) saw growth in sales with an increase of nearly 152% to $171.5 million. For fiscal 2025, the company expects net sales to be in the range of $4.3 billion to $4.5 billion.

Acuity, Inc. (AYI) shares ended the week at $258.35, down 10% for the week.

The Dow started the week of 3/31 at 41,383 and closed at 38,315 on 4/5. The S&P 500 started the week at 5,528 and closed at 5,070. The NASDAQ started the week at 17,045 and closed at 15,588.