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Conagra Brands falls on earnings miss and lowered expectations for 2020

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Conagra Brands falls on earnings miss and lowered expectations for 2020
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'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.

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