Conagra Brands shares slip on quarterly earnings miss

  • Conagra Brands Inc (NYSE:CAG) shares moved lower as the company's fiscal fourth quarter came in below Wall Street expectations, attributed to ongoing supply constraints and macroeconomic uncertainty. The North American packaged foods company's revenue was down 4.3% from the year-ago quarter at $2.78 billion, below consensus estimates of $2.83 billion to $2.88 billion.