India, Sept. 30 -- Packaged foods major Conagra Brands, Inc. reported Wednesday higher first-quarter profit, despite weak sales mainly in Grocery & Snacks and Refrigerated & Frozen segments. Further, the firm maintained fiscal 2027 outlook.
In the pre-market activity on the NYSE, the shares were trading 2.55 percent lower, at $13.75.
John Brase, president and chief executive officer of Conagra Brands, stated, "We delivered a solid start to fiscal 2027 with top line results largely in line with expectations and profit ahead of expectations amid a challenging operating environment. ... While there is more work to be done, we remain on track to deliver the year and are reaffirming our fiscal 2027 guidance."
Looking ahead for fiscal 2027, th...