'Several discrete items negatively impacted top line growth,' the company said. Sales in the key grocery and snacks segment dropped by about 7%.
Conagra Brands, a packaged-food company, announced fourth-quarter results that missed analysts' expectations. The company also lowered its expected earnings for 2020. In a press release, the company said"several discrete items negatively impacted top line growth." One silver lining is the Gardein brand of plant-based meat alternatives that competes with Beyond Meat and Impossible Foods. Watch Conagra trade live on Markets Insider.
Conagra Brands, a packaged-food company, announced fourth-quarter results that missed analysts' expectations. The company also lowered its expected earnings for 2020. In a press release, the company said"several discrete items negatively impacted top line growth." One silver lining is the Gardein brand of plant-based meat alternatives that competes with Beyond Meat and Impossible Foods. Watch Conagra trade live on Markets Insider.
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