Conagra Brands posts bigger-than-expected drop in quarterly sales on weak demand-March 2024-www.financetom.com

Conagra Brands posts bigger-than-expected drop in quarterly sales on weak demand

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Conagra Brands posts bigger-than-expected drop in quarterly sales on weak demand

Oct 2, 2024 10:55 PM

Oct 2 (Reuters) - Conagra Brands ( CAG ) posted a

bigger-than-expected drop in first-quarter sales on Wednesday as

budget-conscious consumers prioritized shopping for lower-priced

alternatives over the company's higher-priced pantry staples.

The company's quarterly net sales fell 3.8% to $2.79

billion. Analysts had expected a decline of 2.1% to $2.84

billion, according to data compiled by LSEG.

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