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The filed complaint alleges that Conagra Brands, Inc. made materially false and/or misleading statements and/or failed to disclose that: On October 2, 2024, Conagra reported 1Q 2025 financial results that reported a decrease in net sales. The Company attributed the lost sales to a “manufacturing disruption” at its Hebrew National hot dog plant. Analysts expressed concern and surprise at the Company’s decrease in organic sales growth. Following this news, CAG’s stock price fell by $2.64 per share, or approximately 8% to close at $30.08 per share.
In order to be eligible to join the CAG class action lawsuit, you must have incurred a loss on shares of Conagra Brands, Inc. purchased during the class period listed above.
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