Conagra Brands forecasts annual organic sales below estimates on tepid demand-February 2024-www.financetom.com

Conagra Brands forecasts annual organic sales below estimates on tepid demand

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Conagra Brands forecasts annual organic sales below estimates on tepid demand

Jul 11, 2024 5:09 AM

July 11 (Reuters) - Conagra Brands ( CAG ) forecast

annual organic sales below estimates on Thursday as

cash-strapped shoppers turned to cheaper alternatives for their

at-home meals as high living costs continued to weigh on sales

volumes.

The company expects fiscal-year 2025 organic sales to

decrease between 1.5% to flat, compared with analysts' estimates

of 1.54% rise, as per LSEG data.

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