Conagra Brands (CAG) reported worse-than-expected fiscal 2025 third-quarter results on Thursday, with sales and profits each falling from the same time last year.

The Slim Jim and Duncan Hines parent reported adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $0.51 on net sales of $2.84 billion, down from $0.69 and $3.03 billion, respectively, 澳洲幸运5官方开奖结果体彩网:a year ago. Analysts polled by Visible A♑lpha had expected $0.53 and🎀 $2.90 billion.

Conagra's grocery and snacks unit sales fell by 3.2% year-over-year, while those of refrigerated and frozen foods fell by 7.2%, with lower prices and volume in both segments.

"While shipments lagged consumption largely due to the discrete supply constraints we announced in February, we are making solid progress in restoring inventory and improving customer service levels," CEO Sean Connolly said. "We continue to monitor the dynamic external environment while remaining focused on execution, and our fiscal 2025 guidance remains unchanged at this time."

After declining in premarket trading, Conagra shares reversed course and were up 4% about 30 m𓃲inutes after the ཧopening bell. They entered the day down 10% over the last 12 months.

UPDATE—This article has been updated with the latest share price information.