Inflation Drags On Conagra Brands Results

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Conagra Brands To Raise Prices, Shares Move HigherConagra Brands (NYSE:CAG) had a good quarter when it comes to revenue but the ravaging impact of inflation is everywhere in the report. Not only is inflationary pressure cutting into the bottom line but it is also having an impact on volume sales and the company is planning to raise prices again. The takeaway from the report is that guidance for revenue is lowered despite an increase in the expectation for revenue and both figures could come in weak. We like Conagra for its value, its yield, the outlook for dividend growth, and the overall heal…

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