Conagra Brands (CAG) said Monday that it now expects fiscal 2025 adjusted earnings per share of about $2.35, down from its previous guidance of $2.45 to $2.50.
Analysts polled by FactSet expect $3.47.
The company also lowered its organic net sales growth forecast for the year to about a 2% decline, compared with the previous forecast of flat to a 1.5% decline.
Conagra Brands said supply constraints led to customer service interruptions in fiscal Q3 and flagged further headwinds to adjusted earnings per share from foreign exchange rates.
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