Daily Market Updates: Conagra reports a dividend cut and flags more pressure ahead

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Conagra reports a dividend cut and flags more pressure ahead

The company also recorded a roughly $2 billion charge, underscoring fresh strain in the packaged-food industry.

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Conagra Brands said it is cutting its dividend and reported results that MarketWatch characterized as another warning sign for the packaged-food sector.

The outlet also highlighted that Conagra took a charge of about $2 billion as part of its earnings, even as the stock was up slightly on Thursday.

Looking ahead, Conagra’s forecast pointed to continued challenges for the industry, according to MarketWatch.

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MarketWatchA big dividend cut and a $2 billion charge: Conagra’s results signal more pain ahead for food industry

Earnings

Conagra reports a dividend cut and flags more pressure ahead

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