Conagra Raises Outlook as Higher Prices Lift Sales

Conagra Brands Inc. expects higher sales and earnings for fiscal 2023 after the food company continued to raise prices to stave off inflation and supply-chain pressures.

The Chicago-based maker of Healthy Choice frozen meals and Slim Jim meat sticks said revenue rose 8.3% to $3.31 billion in the quarter ended Nov. 27 thanks to price increases and a shift in the mix of products it sold.