Conagra Brands trims annual profit forecast

April 1 (Reuters) - Conagra Brands CAG.N cut its annual adjusted profit forecast on Wednesday, hurt by rising costs and weak demand for pantry staples such as Slim Jim meat snacks and Act II Popcorn amid pressured consumer spending and stiff competition.

It now expects annual adjusted profit per share of $1.70, at the low end of its prior forecast of between $1.70 and $1.85.