Markets

One food company just surged 16% in a single day after explosive earnings — and it’s largely due to plant-based meat and frozen food

Conagra Brands reported fiscal second-quarter 2020 earnings Thursday that beat Wall Street’s expectations. Shares surged Thursday and closed 16% higher. Strength in sales of plant-based meat brand Gardein and frozen foods brands such as Healthy Choice, Birds Eye, and Marie Callender’s drove the earnings beat. Watch Conagra trade live on […]
One food company just surged 16% in a single day after explosive earnings — and it’s largely due to plant-based meat and frozen food
Markets

Conagra Brands falls on earnings miss and lowered expectations for 2020

Conagra Brands, a packaged-food company, announced fourth-quarter results that missed analysts’ expectations. The company also lowered its expected earnings for 2020. In a press release, the company said “several discrete items negatively impacted top line growth.” One silver lining is the Gardein brand of plant-based meat alternatives that competes with […]
Conagra Brands falls on earnings miss and lowered expectations for 2020