Conagra Brands Profit Sinks as Volumes Slip
Revenue was also hurt by foreign exchange headwinds and impacts from the company's recent divestitures
Conagra Brands recorded lower earnings and sales in its fiscal third quarter as volumes fell across each of its segments.
The maker of Slim Jims and Healthy Choice frozen meals posted a profit of $145.1 million, or 30 cents a share, for the quarter ended Feb. 23. That's down from $308.6 million, or 64 cents a share, in the same period a year earlier.
Stripping out one-time items...
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