Reports Q2 revenue $3.19B, consensus $3.15B. Sean Connolly, president and chief executive officer of Conagra Brands (CAG), commented, “Our business returned to growth in the second quarter despite a continued challenging consumer environment as our investments paid off, driving strong market share performance. While momentum remains strong, we expect the business to be impacted by two headwinds in the back half including higher than expected inflation and unfavorable foreign exchange rates, leading us to update our fiscal 2025 outlook.”
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