Act II Popcorn Maker Conagra Brands Q3 Profit Falls As Supply Constraints Bite

Conagra Brands saw its shares decline in premarket trading after reporting a 6.3% year-over-year drop in Q3 FY25 sales to $2.84 billion, missing estimates. Adjusted EPS came in at $0.51, below the $0.53 consensus. Organic net sales fell 5.2%, impacted by pricing and volume declines. Despite setbacks, Conagra reaffirmed its FY25 outlook.