BUZZ-Conagra down after dour annual forecast, dividend cut
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CAG• Conagra shares fall after weak outlook and dividend cut
- Slim Jim maker Conagra CAG.N down ~5% at $13.50 premarket
Co forecasts annual profit below estimates on higher commodity costs and frugal consumer spendingExpects FY27 adj. EPS of $1.40-$1.50 vs estimates of $1.59, per LSEG dataExpects FY27 organic net sales to drop 1%-3% versus 0.4% decrease in FY26CAG also halves dividend to 70 cents per shareUp to last close, stock had fallen about 18% YTD•
BUZZ-Conagra down after dour annual forecast, dividend cut - CAG News | Rallies