A big dividend cut and a $2 billion charge: Conagra’s results signal more pain ahead for food industry
A big dividend cut and a $2 billion charge: Conagra’s results signal more pain ahead for food industry

Conagra Brands' stock rose slightly Thursday following the company's earnings announcement, but its results and forecast delivered another blow to the struggling packaged-food industry.

The company cut its dividend and took a $2 billion charge, signaling continued challenges ahead for food manufacturers facing inflation, shifting consumer preferences and competitive pressures.

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