Conagra Faces Rare Earnings Miss Amid Manufacturing Disruption
Conagra(CAG) Gurufocus·2024-10-02 23:14
Consumer packaged goods giant Conagra (CAG, Financial) is facing significant backlash today after missing earnings expectations due to a larger-than-expected year-over-year sales decline in Q1. Known for brands like Slim Jim and Vlasic, Conagra had warned that FY25 would be a transitional year, but the company hasn't missed top and bottom-line estimates since Q3 2020, making today's results particularly surprising.What happened? Conagra experienced a manufacturing disruption, halting production at its Hebre ...