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Benzinga
Benzinga
Business
Akanksha Bakshi

Conagra Says Rising Beef, Oil and Logistics Costs Will Keep Inflation Elevated

Indianapolis,-,Circa,July,2019:,Conagra,Brands,Manufacturing,Plant.,Conagra

Conagra Brands, Inc. (NYSE:CAG) stock fell in Wednesday’s premarket session after the packaged food maker reported fourth-quarter fiscal 2026 results that beat adjusted earnings estimates but issued weaker-than-expected fiscal 2027 guidance, citing persistent inflation in beef, oil-related inputs and logistics, and cut its quarterly dividend in half.

Earnings Beat, Revenue Miss

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