1251 ET - Conagra Brands reported weaker-than-expected results in its latest quarter, dragged down by lower sales volumes, unfavorable price/mix and elevated cost inflation. Trends aren't expected to improve. "FY26 guidance disappointed significantly, with EPS of $1.70-$1.85 well below the $2.19 consensus, implying a 20-26% year-over-year decline despite an extra week benefit," CFRA Research analyst Arun Sundaram says in a note. The packaged food company expects inflation and tariffs to continue posing problems in the coming year. While Conagra can mitigate some of these headwinds with productivity savings and alternative sourcing, "remaining cost pressures may require incremental pricing actions amid already soft demand trends," Sundaram writes. Conagra shares fall 3%. (connor.hart@wsj.com)
(END) Dow Jones Newswires
July 10, 2025 12:51 ET (16:51 GMT)
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