Conagra Brands lowers annual profit forecast on weak demand
Conagra Brands adjusted its annual profit forecast to the low end of its prior range. Rising costs and weak demand for pantry staples impacted the outlook.
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CONAGRA BRANDS INC has revised its annual adjusted profit forecast downward, citing the impact of rising operational costs and a decline in demand for several of its key product categories. The company noted that persistent inflationary pressures and a competitive retail environment have weighed on its financial outlook.
