Conagra Brands Forecasts Annual Profit Below Estimates
By EC Assets · Published
Conagra Brands has issued an annual profit forecast that falls short of market estimates. The company, known for various packaged food products, operates primarily in the United States. Its shares have declined significantly this year. Conagra Brands operates predominantly in the United States, generating over 90% of its revenue and profits from this region. The company's brand portfolio includes Healthy Choice, Banquet, Slim Jim, Orville Redenbacher's, Reddi, wip, Hunt's, and Marie Callender's. It also features brands like Birds Eye and Glutino. Shares of Conagra Brands have decreased 17% this year. This movement has pushed the company's dividend yield above 10%. Conagra Brands has also appointed a new leader. This article is intended for informational purposes only. It does not constitute investment advice.
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