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Conagra Outlook Cut
Description
Conagra reported mixed Q3 results — adjusted EPS of $0.39 missed the $0.40 estimate, while sales of $2.79B slightly beat expectations. Organic sales rose 2.4% but grocery and snacks declined 6.3%. The company narrowed its full-year outlook, guiding for ~$1.70 adjusted EPS at the low end of its prior range.
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