Conagra Brands reported weaker-than-expected fiscal fourth-quarter results and issued profit guidance that missed Wall Street estimates, citing persistent inflation and higher U.S. tariffs on key inputs. Adjusted earnings fell 8% from a year earlier to $0.56 a share, trailing the $0.59 consensus. Revenue declined 4% to $2.78 billion, also below projections, as volumes slipped across its Grocery & Snacks and Refrigerated & Frozen segments. For the fiscal year that began in May, the packaged-foods maker projected adjusted earnings of $1.70 to $1.85 a share, well under analysts’ $2.19 average forecast. The company anticipates core input-cost inflation of about 4% and said recently enacted tariffs—50% on imported tin-plate steel and aluminum, 30% on select Chinese imports and 10% on certain goods from other countries—will add roughly 3% to annual cost of goods sold, driving overall cost inflation to about 7%. Chief Executive Officer Sean Connolly said Conagra will pursue cost-saving measures, sourcing changes and selective price increases to blunt the impact, but warned that the operating environment remains ‘more challenging than we anticipated.’ Investors reacted swiftly; the shares fell about 5% in early New York trading.