Shares of Conagra Brands (CAG) tum🍌bled roughly 10% Wednesday morning after the food maker posted worse-than-expected results as consumers pulled back on spendin🃏g.

The maker of Slim Jim snacks and Duncan Hines cake mixes reported fiscal 2025 first-quarter adjusted 澳洲幸运5开奖号码历史查询:earnings per share (EPS) of $0.53, down nearly 20% year-over-year, with revenue falling 3.8% to $2.79 billion. Both were below consensus forecasts of analysts ♏polled bꦗy Visible Alpha.

澳洲幸运5开奖号码历史查询:Organic net sales dropped 3.5%, which Conagra attribute𒀰d to a 1.9% negative impact from price/mix and a 1.6% decrease in volume. In addition, it said temporary manufacturing disruptions at its Hebrew National operatio🅠ns during the peak grilling season impacted results by about $27 million.

澳洲幸运5开奖号码历史查询:Gross profit declinꦗed 10% to $739 million on "lower organic net sales, cost of goods sold inflation, and unfavorable operating leverage."

CEO Notes Continuing 'Challenging Environment'

澳洲幸运5开奖号码历史查询:Chief Executive Officer (CEO) Sean Connolly said ꦅthe company faced "what continued to be a challenging environment."

Along with the sli😼de in sales and adjusted profit, expenses soar💧ed more than 150% to $92 million, primarily because of increased wages. 

The company affirmed its fiscal𒉰 2025 organic net sales outlook in a range of a 1.5% decrease to flat, and adjusted EPS of $2.60 to $2.6🃏5.

Even with today's slide, Conagra Brands shares remain slightly higher year-to-date.