Conagra tops Q1 estimates on strong snack demand Tariffs, inflation weigh on outlook despite gains1 October 2025 1 October 2025 1 minute read 1 minute read By: By: Global Ag Media North AmericaConagra Brands beat Wall Street estimates for first-quarter sales and profit on Wednesday, helped by resilient demand for its pantry staples such as Slim Jim meat snacks and Act II popcorn, reported Reuters. Consumers opting to cook at home due to rising living costs have helped boost sales for packaged foods companies such as Conagra. However, tariff-led inflation and macroeconomic uncertainty have been posing a threat to the company's sales, along with competition from cheaper private-label brands. Reiterating its annual forecasts, Conagra said it expects an overall rise of about 7% in the cost of goods sold, including a 3% hit from tariffs. Conagra posted revenue of $2.63 billion for the quarter ended August 24, beating analysts' average estimate of $2.62 billion, according to data compiled by LSEG.