Conagra's (CAG) View Cut Despite Q2 Earnings Beat, Volumes Hurt
Conagra(CAG) Zacks Investment Research·2024-01-05 01:02
Conagra Brands, Inc. (CAG) delivered soft results for the second quarter of fiscal 2024 due to a difficult macroeconomic landscape. During the quarter, both the top and bottom lines declined year over year, and sales missed the Zacks Consensus Estimate. Results were affected by lower volumes stemming from the slowdown in consumption and the adverse impacts of pricing in certain segments.Year-to-date results, anticipation of slower volume improvement and higher brand investments in the second half of fiscal ...