Conagra Brands said the move is expected to improve margins, while longtime fans of the budget-friendly frozen pizza shared nostalgic memories online.
Conagra Brands, Inc. (CAG) News
Latest headlines that mention CAG, newest first · each headline opens the original publisher
- Last price
- $13.57
- Day change
- +2.42%
- Next earnings
- —
CAG headlines
last 30 daysIndustry giant Conagra Brands has so many frozen-food items that they’re competing against each other, an analyst says.
Volume declines offset pricing gains as inflation pressures margins.
The food manufacturer, which owns Orville Redenbacher’s popcorn and Slim Jim meat sticks, said fiscal first-quarter profit rose to $174.3 million, or 36 cents a share, from $164.5 million, or 34 cents a share, a year earlier.
After all, expectations aren't particularly high for the storied food company.
CAG news alerts
Get an alert by email or push when a new headline mentions CAG.
More news
News headlines aggregated from third-party publishers via public RSS feeds and tagged with the tickers they mention. Frenzy Capital does not publish or endorse the content; clicking a headline opens the original publisher in a new tab.