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Strain on the consumer is eating into its growth. For premium support please call: 800-290-4726 more ways to reach us
Conagra Brands stock hit its lowest level since March 2020 on Thursday, ... and J.M. Smucker are also down over 20% year to date. Historically, demand for frozen foods tends to be highly sensitive ...
Conagra stock could be cheap if it returns to growth mode. For premium support please call: 800-290-4726 more ways to reach us
The company ended up taking a write-down of more than $15 billion on brands like Oscar Mayer, and its portfolio of products seems to be out of favor as some consumers are moving to healthier foods.
ConAgra reported quarterly adjusted earnings per share of 53 cents, missing the analyst consensus of 60 cents. Net sales of $2.79 billion (down 3.8%) missed the street view of $2.84 billion.
Shares of Chicago-based Conagra fell about 2.5% in premarket trade, after it reported a decline in quarterly operating margin due to higher-than-expected costs in its frozen foods and snacks ...
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Conagra (CAG) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.