Oct 1 (Reuters) - Conagra Brands ( CAG ) beat Wall

Street estimates for first-quarter sales on Wednesday, helped by

resilient demand for its pantry staples such as Slim Jim meat

snacks and Act II popcorn, even as inflation weighed on consumer

spending.

Shares of the company, which reaffirmed its annual

forecasts, rose 3% in premarket trading following the results.

Consumers opting to cook at home due to rising living costs

have helped boost sales for packaged foods companies such as

Conagra.

However, tariff-led inflation and macroeconomic uncertainty

have been posing a threat to the company's sales, along with

competition from cheaper private-label brands.

The company posted revenue of $2.63 billion for the quarter

ended August 24, beating analysts' average estimate of $2.62

billion, according to data compiled by LSEG.