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Conagra's quarterly sales fall 9.9 pct
March 23, 2017 / 11:39 AM / 7 months ago

Conagra's quarterly sales fall 9.9 pct

March 23 (Reuters) - Conagra Brands Inc, the maker of Chef Boyardee pasta and Orville Redenbacher’s popcorn, reported a 9.9 percent drop in third-quarter net sales as it cut down on unprofitable products and reduced discounts.

The company’s net sales fell to $1.98 billion in the quarter ended Feb. 26 from $2.20 billion a year earlier.

Net income attributable to the company fell to $179.7 million, or 41 cents per share, from $204.6 million, or 46 cents per share. (Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by Savio D‘Souza)

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