Conagra Brands Stock Falls as it Warns About a Challenging Consumer Environment
Conagra(CAG) Investopedia·2024-07-12 01:00
Key TakeawaysConagra Brands gave a disappointing fiscal 2025 outlook, citing a tough consumer environment.The processed food company said it expects the consumer to remain challenged in the fiscal year ahead.Conagra posted better-than-expected profit in its fiscal 2024 fourth quarter, although revenue declined. Conagra Brands (CAG) shares fell Thursday as the processed food giant gave weaker-than-expected guidance amid what it called a “difficult consumer environment.” The provider of brands such as Birds E ...