Conagra's Slim Jim, Act II Fuel $2.63B Quarter - $10M Beat, Stock +3% Premarket

Conagra (NYSE: CAG) posted quarterly sales that nudged past analysts' estimates, helped by steady demand for its grab-and-go and microwave-friendly items.

The company reported revenue of $2.63 billion for the quarter ended Aug. 24, topping the consensus of roughly $2.62 billion. Management stuck with its full-year guidance, and the stock traded about 3% higher in premarket action after the numbers hit the tape.

What moved the needle this quarter were reliable sellers in the pantry aisle - think Slim Jim meat snacks and Act II popcorn - as consumers continue to favor at-home meals while living costs remain elevated. That behavior helped offset pressure from broader inflation on discretionary purchases.

Still, headwinds are visible. Tariff-driven cost increases and general macro uncertainty remain risks to sales and margins, and cheaper private-label alternatives are nibbling at market share in value-sensitive channels.

So the headline is a slim beat and a reaffirmed outlook. Revenue outperformed estimates by about $10 million, and the stock's modest premarket uptick underscores how small misses or beats can matter for packaged-food names.

Revenue: $2.63 billion. Premarket move: +3%. That's the quarter in numbers.