Conagra Brands up after Q1 sales beat estimates on resilient demand

Conagra Brands

01/10/2025 13:51

** Shares of packaged food maker Conagra Brands  up about 2% to $18.67 premarket

** Beats Wall Street estimates for Q1 sales and profit, helped by resilient demand for its pantry staples such as Slim Jim meat snacks and Act II popcorn

** Posts revenue of $2.63 billion for Q1, vs analysts' average estimate of $2.62 billion as per data compiled by LSEG

** Reports Q1 adjusted profit at 39 cents, compared to analysts' estimate of 33 cents - as per LSEG data

** Co reaffirmed its annual forecasts

** YTD, stock is down 34%, as of last close

 (Reporting by Sanskriti Shekhar)

 ((Sanskriti.Shekhar@thomsonreuters.com))