Conagra Brands falls on earnings miss and lowered expectations for 2020

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

'Several discrete items negatively impacted top line growth,' the company said. Sales in the key grocery and snacks segment dropped by about 7%.

Conagra Brands, a packaged-food company, announced fourth-quarter results that missed analysts' expectations. The company also lowered its expected earnings for 2020. In a press release, the company said"several discrete items negatively impacted top line growth." One silver lining is the Gardein brand of plant-based meat alternatives that competes with Beyond Meat and Impossible Foods. Watch Conagra trade live on Markets Insider.

Conagra Brands, a packaged-food company, announced fourth-quarter results that missed analysts' expectations. The company also lowered its expected earnings for 2020. In a press release, the company said"several discrete items negatively impacted top line growth." One silver lining is the Gardein brand of plant-based meat alternatives that competes with Beyond Meat and Impossible Foods. Watch Conagra trade live on Markets Insider.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines