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(Reuters) – Conagra Brands (NYSE:) 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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https://www.investing.com/news/stock-market-news/conagra-brands-posts-biggerthanexpected-drop-in-quarterly-sales-on-weak-demand-3644853
Reuters
