Conagra’s Profit Outlook Disappoints as Tariffs Boost Costs

Conagra Brands Inc. pointed to rising costs from US tariffs as the packaged food company forecast profit for this fiscal year below Wall Street’s expectations.

The Chicago-based company said adjusted earnings will be as much as $1.85 a share, compared to Wall Street estimates of $2.19 a share. Organic sales will be in a range of declining 1% to a gain of 1%. Analysts expected a gain of 0.48%.