Conagra Brands (CAG) reported fiscal Q3 adjusted earnings Thursday of $0.51 per diluted share, down from $0.69 a year earlier.

Analysts polled by FactSet expected $0.52.

Net sales for the fiscal quarter ended Feb. 23 were $2.84 billion, down from $3.03 billion a year earlier.

Analysts surveyed by FactSet expected $2.90 billion.

For fiscal 2025, the company said it continues to expect adjusted earnings of about $2.35 per share, with organic net sales anticipated to decline nearly 2%.

Analysts polled by FactSet expect non-GAAP EPS of $2.35 on sales of $11.74 billion.