Food giant Conagra hikes its inflation outlook in a fresh sign of higher-for-longer prices
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Conagra, known for brands like Birds Eye and Healthy Choice, has increased its inflation outlook, expecting inflation to be close to 4%. This indicates a trend of sustained higher prices.
December 19, 2024 | 2:00 pm
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Conagra has raised its inflation outlook to nearly 4%, suggesting that the company anticipates sustained higher costs. This could impact its pricing strategy and profit margins.
Conagra's increased inflation outlook suggests higher input costs, which may lead to increased product prices or squeezed profit margins. This could negatively impact short-term stock performance as investors react to potential cost pressures.
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