No doubt that consumer is under pressure, says Conagra CEO
CAG•Conagra CEO John Brase said consumers were under pressure and the company was working to improve productivity to limit price increases. Conagra reported a volume-led decline in first-quarter organic net sales.
1. Consumer pressure
Conagra CEO John Brase said the consumer was definitely under pressure and that the packaged goods company was working to improve productivity to limit price increases for customers.
2. Sales decline
Conagra posted a volume-led decline in first-quarter organic net sales, with high inflation and price-sensitive consumers hampering Brase's efforts to turn around the packaged foods maker.
