BUSINESSQUARTZ
Conagra Brands is forecasting weaker annual profit than Wall Street expected
Conagra Brands is forecasting weaker annual profit than Wall Street expected. The company halved its dividend and recorded a $2 billion impairment charge in the latest quarter.
Related Signal
Adjacent reporting
- Lululemon slashes its forecast as product misfires and bad buzz batter the brand
- JPMorgan beats profit expectations by the most in five years, as equity-markets revenue surges
- Campbell's posted falling sales and slumping profits — but kept its annual forecast intact
- FedEx posts a strong earnings beat. But the stock sinks on weak guidance — then its stock sank on weak guidance
- Trade Desk’s stock falls as earnings suggest the company’s problems are intensifying