From RTTNews:

Conagra Brands, Inc. reported lowered guidance for adjusted earnings and organic net sales growth for fiscal 2024 due to slower volume recovery and increased brand investments in the second half of the fiscal year. The company now projects adjusted earnings of $2.60 to $2.65 per share on organic net sales decline of 1 to 2 percent, down from previous expectations of $2.70 to $2.75 per share on organic net sales growth of about 1 percent. Analysts expect the company to report earnings of $2.67 per share on a revenue decline of 0.1 percent to $12.27 billion for the year.



Read more: Conagra Brands Trims FY24 Outlook