While reporting second-quarter results on Thursday, Conagra Brands, Inc. (CAG) reiterated its adjusted earnings per share guidance for fiscal 2022 and updated its organic net sales and adjusted operating margin guidance. Adjusted EPS is expected to be approximately $2.50, with no change to prior guidance. Organic net sales growth is expected to be approximately 3% compared to prior guidance of approximately 1%. Adjusted operating margin is expected to be approximately 15.5% compared to prior guidance of approximately 16%.
Sean Connolly, CEO of Conagra Brands, said: "Looking ahead, we expect to continue experiencing cost pressures above original expectations in the second half of fiscal 2022."
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