Conagra Stock Drops 8.5% on Weak Fiscal Q1 2019, Tepid Outlook
Conagra Brands (CAG) disappointed with its results for the first quarter of fiscal 2019, which it released on September 27. Conagra Brands’ profit margins also remained weak and contracted on both a YoY (year-over-year) and a sequential basis. Conagra Brands expects its organic sales to stay flat or mark a slight fall YoY in the second quarter of fiscal 2019.