Conagra Brands Reports $663.6M Loss, Sales Drop
Update: 2025-12-19
Description
Conagra Brands, a major food company, reported a substantial loss of $663.6 million for its latest quarter, marking a stark contrast to last years profit. Despite beating analyst expectations for adjusted earnings per share, total sales dropped by 6.8% due to a 3% decline in organic sales, attributed to flat pricing and lower sales volumes. The companys grocery and snacks unit saw an 8.5% drop in net sales, while their refrigerated and frozen business experienced a 6.5% decline. Conagra anticipates organic sales for the full fiscal year to range from a 1% decrease to a 1% increase and projects adjusted earnings per share to be between $1.70 and $1.85.
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