Conagra Brands (NYSE: CAG), purveyor of everything from Birds Eye frozen vegetables to Duncan Hines cake mix to Marie Callender's pies, tumbled 9.6% through 10:55 a.m. ET Wednesday after reporting an earnings miss.

Heading into its fiscal Q1 2025 results, analysts forecast Conagra would earn $0.59 per share adjusted for one-time items, on sales of more than $2.8 billion. In fact, Conagra earned just $0.53 per share, while its sales were just short of $2.8 billion.

Q1 was rough for this food stock, with sales sinking 4% and operating profit margins plunging nearly 250 basis points to 14.4%. That turned what might have been a slip in profits into something much larger as adjusted earnings tumbled 20%.

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Source Fool.com