General World News

One food company just surged 16% in a single day after explosive earnings — and it’s largely due to plant-based meat and frozen food (CAG)

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  • Conagra Brands reported fiscal second-quarter 2020 earnings Thursday that beat Wall Street’s expectations.
  • Shares surged Thursday and closed 16% higher.
  • Strength in sales of plant-based meat brand Gardein and frozen foods brands such as Healthy Choice, Birds Eye, and Marie Callender’s drove the earnings beat.
  • Watch Conagra trade live on Markets Insider.

Conagra Brands — the parent company of Pinnacle, Chef Boyardee, and Gardein — surged Thursday after reporting fiscal second-quarter 2020 results that exceeded Wall Street’s expectations.

Shares of the packaged food company ended Thursday 16% higher, showing that investors are gaining confidence in the read more >>>

Source:: BusinessInsider.Com