ConAgra +1.5% as FQ4 EPS in line with downside pre-announcement

|About: ConAgra Brands, Inc. (CAG)|By:, SA News Editor

ConAgra (CAG) +1.5% premarket after reporting FQ4 results that were in line with the company's recently lowered guidance; prior to CAG's pre-announcement, analyst consensus EPS estimate was $0.62.

Consumer foods sales fell 7.4% to $1.78B due to weak volumes, while commercial foods grew 1% to $1.63B.

Overall gross margin narrowed to 20.4% from 21.1%; input costs declined 2% to $3.53B.

Expects FY 2015 EPS to reflect a mid-single-digit increase from 2014's $2.17; analysts were projecting a 6% rise.

Says it plans to continue its $1/share annual dividend and expects to reduce debt by ~$1B in FY 2015.