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Conagra Brands (NYSE:CAG) revenue falls 3.2% in Q2 FY2024 to $3.21 billion. They made a non-GAAP profit of $0.71 per share, down from last year. They are down 2.6% to $28.5 per share on the results. The company also missed Wall Street’s estimates and reported a 3.2% year-on-year revenue decline. Revenue growth was down and missed expectations. The company’s sales volumes were down 2.9% year on year. Find out more about Conagra’s performance with the full research report provided in the article.

The packaged food industry is subject to food safety and labeling regulations. Conagra is one of the larger consumer staples companies and benefits from its well-known brand, giving it customer mindshare and influence over purchasing decisions. The company’s annualized revenue growth rate over the last three years was weak as consumers bought less of its products.

Conagra may not have had the best quarter, with poor sales volume growth, but does that create an opportunity to invest right now? When making that decision, it’s important to consider its valuation, business qualities, as well as what has happened in the latest quarter. Check out the full research report in the article before making that decision.



Read more: Conagra (NYSE:CAG) Misses Q2 Sales Targets