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Conagra’s Cash Flow Spikes 264.4% Due to Discounts
Increased prompt pay discounts convince the CPG firm’s customers to pay sooner than normal.
October 13, 2022
The 88.6% increase in operating cash flow at Conagra (CAG), a consumer packaged goods food company, was not due to a material improvement in the business in the latest quarter. Instead, Conagra credits the spike in cash flow to better incentives.
In its latest quarterly filing, Conagra revealed approximately $164 million of the quarter’s $263.7 million operating cash flow was due to “slightly higher prompt pay” discounts.
The bigger discounts increased operating cash flow 264.4% and prevented the company from reporting a YoY decline in cash flow.
Related: HSY, GIS, HRL, K, SJM, MKC, MDLZ
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