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Conagra maintains annual forecasts

BY Reuters | ECONOMIC | 07:40 AM EST

Dec 19 (Reuters) - Conagra Brands (CAG) maintained its annual sales and profit forecasts ?on Friday, as pressured consumer ?spending and stiff ?competition weigh on ?demand ?for its pantry staples such ?as Slim ?Jim meat snacks and Act ?II ?popcorn.

The ?company continues to expect annual net sales ?between a 1% decline to a 1% rise, and sees annual adjusted ?profit ?per share between $1.70 and $1.85.

Its quarterly revenue ?fell 6.8% to $2.98 billion, in line with analysts' average estimate, according to data compiled ?by LSEG. (Reporting by Neil J Kanatt in Bengaluru; ?Editing by Leroy Leo)

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