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Packaged Food Stock Conagra Drops After It Tops Views

Packaged Food Stock Conagra Drops After It Tops Views

Conagra Brands topped earnings and revenue estimates Thursday, as the packaged food company offset any inflation headwinds with product price increases. CAG earnings come on the heels of frozen potato giant Lamb Weston beating earnings predictions Wednesday as packaged food stocks have been holding up well despite economic headwinds and a difficult market environment.