Conagra Brands Stock Falls as it Warns About a Challenging Consumer Environment

Conagra Brands (CAG) shares fell Thursday arsenic nan processed nutrient elephantine gave weaker-than-expected guidance amid what it called a “difficult user environment.”

The supplier of brands specified arsenic Birds Eye and Slim Jim said it sees fiscal 2025 adjusted net per stock (EPS) successful a scope of $2.60 to $2.65, beneath estimates. It anticipates organic revenue to beryllium level to down 1.5% from this year.

CEO Sean Connolly said nan institution believes “the user will stay challenged" successful its fiscal 2025 year, but that it would "gradually modulation toward a much normalized operating situation arsenic consumers adapt.”

The downbeat outlook came arsenic Conagra reported fiscal 2024 4th fourth adjusted net EPS of $0.61, amended than forecasts. Revenue fell 2.3% to $2.91 billion.

Weighing connected nett sales, nan institution said, was “a alteration successful volume, chiefly owed to continued little depletion trends.”

Shares of Conagra Brands fell 2.4% arsenic of astir midday.