Conagra Brands Lowers FY 2025 Profit Forecast to $2.35, Revenue Decline Up to 2.0%, Stock Down 3% to 5.1%

Conagra Brands has revised its fiscal year 2025 profit forecast, lowering its adjusted earnings per share estimate from a range of $2.45 to $2.50 to approximately $2.35, compared to an analyst expectation of $2.46. The company also adjusted its revenue outlook, anticipating a decline of up to 2.0%, which is a shift from its previous guidance near the midpoint of a 1.5% to flat range. The downward revision in guidance is attributed to supply constraints affecting the company's operations. Following these announcements, Conagra Brands' stock experienced a decline of 3% to 5.1% in pre-market trading. Additionally, Wells Fargo has maintained an Equal-Weight rating on Conagra Brands but lowered its price target from $80 to $27.