Reported 2 days ago
Conagra Brands has reduced its annual profit forecast due to higher inflation and increased costs associated with promotional activities aimed at boosting product demand. As consumers increasingly opt for cheaper private labels, Conagra and its peers are ramping up promotions, which are reportedly impacting profit margins. The company now expects adjusted profit per share for fiscal year 2025 to range between $2.45 and $2.50, down from the previous $2.60 to $2.65 estimate.
Source: YAHOO