(Reuters) - Conagra Brands on Thursday swung to a profit in the first quarter, as multiple rounds of price hikes and easing cost pressures helped offset a slowing demand for the packaged food maker's products.
The Slim Jim beef jerky maker reported a net income of about $320 million, or 67 cents per share, versus a loss of $77.5 million, or 16 cents per share, a year earlier.
(Reporting by Granth Vanaik in Bengaluru; Editing by Sherry Jacob-Phillips)
(Reuters) - Conagra Brands on Thursday swung to a profit in the first quarter, as multiple rounds of price hikes and easing cost pressures helped offset a slowing demand for the packaged food maker's products.
The Slim Jim beef jerky maker reported a net income of about $320 million, or 67 cents per share, versus a loss of $77.5 million, or 16 cents per share, a year earlier.
(Reporting by Granth Vanaik in Bengaluru; Editing by Sherry Jacob-Phillips)