BUZZ-Conagra Brands down after annual profit target cut on supply chain issues

Reuters

02/18

** Slim Jim beef jerky maker Conagra Brands' CAG.N shares down 2.2% at $24.73 premarket

** Co cuts annual profit expectations for the second time in less than two months, citing supply constraints and foreign exchange rates

** Experienced interruptions in customer service for frozen meals containing chicken and vegetables in Q3 due to supply issues on two product platforms - CAG said on Monday

** Expects annual adj EPS $2.35 vs prior target of $2.45 to $2.50

** Also trims adjusted operating margin expectation to 14.4% from 14.8%

** In 2024, stock fell 3%, following a ~26% fall in 2023

(Reporting by Juveria Tabassum in Bengaluru)

((Juveria.Tabassum@thomsonreuters.com;))

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CAG said on Monday</p><p>** Expects annual adj EPS $2.35 vs prior target of $2.45 to $2.50</p><p>** Also trims adjusted operating margin expectation to 14.4% from 14.8%</p><p>** In 2024, stock fell 3%, following a ~26% fall in 2023</p><p> (Reporting by Juveria Tabassum in Bengaluru)</p><p> ((Juveria.Tabassum@thomsonreuters.com;))</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250218:nL3N3P90SI:1","article_id":"2512309621","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2512309621","pubTimestamp":1739874933,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Conagra Brands down after annual profit target cut on supply chain issues** Slim Jim beef jerky maker Conagra Brands' CAG.N shares down 2.2% at $24.73 premarket** Co cuts annual profit expectations for the second time in less than two months, citing supply constraints and foreign exchange rates** Experienced interruptions in customer service for frozen meals containing chicken and vegetables in Q3 due to supply issues on two product platforms - CAG said on Monday** Expects annual adj EPS $2.35 vs prior target of $2.45 to $2.50** Also trims adjusted operating margin expectation to 14.4% from 14.8%** In 2024, stock fell 3%, following a ~26% fall in 2023  ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","EDSA":"Edesa Biotech","BK4585":"ETF&股票定投概念","CAG":"康尼格拉","BK4524":"宅经济概念","BK4139":"生物科技","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","BK4212":"包装食品与肉类"},"translate_title":"BUZZ-Conagra品牌因供应链问题下调年度利润目标后股价下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CAG":0.9,"EDSA":0.9},"content_text":"BUZZ-Conagra Brands down after annual profit target cut on supply chain issues** Slim Jim beef jerky maker Conagra Brands' CAG.N shares down 2.2% at $24.73 premarket** Co cuts annual profit expectations for the second time in less than two months, citing supply constraints and foreign exchange rates** Experienced interruptions in customer service for frozen meals containing chicken and vegetables in Q3 due to supply issues on two product platforms - CAG said on Monday** Expects annual adj EPS $2.35 vs prior target of $2.45 to $2.50** Also trims adjusted operating margin expectation to 14.4% from 14.8%** In 2024, stock fell 3%, following a ~26% fall in 2023 (Reporting by Juveria Tabassum in Bengaluru) ((Juveria.Tabassum@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}