Conagra Expects More Consumers to Eat At Home If Recession Hits
Conagra Brands Inc. expects consumers to eat more meals at home if the U.S. economy heads into a downturn, its CEO said, as the food company reported higher sales in its latest quarter.
Sean Connolly, Conagra's chief executive, said it isn't yet clear whether the economy is dropping into a recession, though he said supermarkets and packaged food companies have tended to capture more consumer spending during past periods of economic weakness.
"One of the things that you see happen first when recessions hit is consumers cut back on..."
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