Conagra (CAG) Navigates a Complex Landscape, Hurt by Volumes

Conagra Brands, Inc. (CAG) is navigating a complex operating landscape, with a slowdown in overall consumption weighing on the company’s volumes. Additionally, Conagra has been grappling with cost inflation. CAG is on track to make additional brand-building investments in the second half of fiscal 2024, which, however, is likely to weigh on margins.Year-to-date results, the anticipation of slower volume improvement and higher brand investments in the second half of fiscal 2024 prompted management to lower i ...