Conagra Brands, Inc. (NYSE:CAG) Q1 2025 Earnings Conference Call October 2, 2024 9:00 AM ET

Company Participants

Melissa Napier - Senior Vice President of Investor Relations
Sean Connolly - President and Chief Executive Officer
David Marberger - Executive Vice President and Chief Financial Officer

Conference Call Participants

Melissa Napier

Good morning. Thank you for listening to our prepared remarks for Conagra Brands First Quarter Earnings. At 9:30 Eastern Time this morning, we will hold a separate live question-and-answer session on today's results, which you can access via webcast on our Investor Relations website. Our press release, presentation materials, and a transcript of these prepared remarks are also available there.

I'm joined this morning by Sean Connolly, our CEO, and Dave Marberger, our CFO. We will be making some forward-looking statements today. And while we are making these statements in good faith based on current information, we do not have any guarantee about the results we will achieve. Descriptions of our risk factors are included in our filings with the SEC.

We will also be discussing some non-GAAP financial measures. Please see the earnings release and the slides for GAAP to non-GAAP reconciliations and information on our comparability items, which can be found in the Investor Relations section of our website.

I'll now turn the call over to Sean.

Sean Connolly

Thanks, Melissa, and thank you all for joining our first quarter fiscal 2025 earnings call. Before we begin, I'd like to extend our sympathies to everyone affected by Hurricane Helene. We are supporting World Kitchen, American Red Cross, and Feeding America, and will continue to monitor the situation to determine how we can further help those in need.

Now let's get started on Slide 4. Q1 marked another quarter of progress in many areas, and I'm proud of the way our team executed within a dynamic environment. We took the actions we told you we would take, and by and large we got the results we expected to get. We told you last quarter that Q1 would have plenty of noise in it, and it did.

Beyond the anomalies we planned for, we had one out-of-plan dynamic to contend with. Today, we will endeavor to unpack the quarter and provide a clear understanding of the underlying state of our business, which is encouraging. In fact, the most important thing for you to take away from our call today is that we remain on track to achieve our fiscal 2025 goals.