On an adjusted basis, Conagra earned 53 cents per share, missing estimates of 60 cents. The Duke's mayonnaise maker's quarterly gross margin fell 189 basis points to 26.5%.

Today Conagra Brands, Inc. (NYSE: CAG) reported results for the first quarter of fiscal year 2025, which ended on August 25, 2024. All comparisons are against the prior-year fiscal period, unless otherwise noted.

Packaged food giant Conagra reported first-quarter results that missed Wall Street estimates as budget-conscious consumers prioritized spending on lower-priced alternatives over the company's higher-priced pantry staples,

Conagra Brands reported first-quarter sales on Wednesday that missed analysts' estimates as budget-conscious consumers prioritized shopping for lower-priced alternatives over the company's higher-priced pantry staples.