Conagra Brands down after weak annual profit forecast

Conagra Brands

01/04/2026 13:58

** Shares of packaged food company Conagra Brands CAG.N down 2% at $15.42 premarket

** Co forecasts annual profit at the low end of its guidance range, hurt by higher costs amid macroeconomic uncertainity

** Expects annual adjusted EPS of $1.70, at the low end of its prior forecast of $1.70 to $1.85

** Now forecasts annual net sales growth near the midpoint of its earlier guidance of a 1% decline to a 1% rise

** Slightly misses Q3 profit estimates

** As of last close, stock down 9% YTD

(Reporting by Sanskriti Shekhar in Bengaluru )

((Sanskriti.Shekhar@thomsonreuters.com))