Conagra Brands down after weak annual profit forecast

Shares of packaged food company Conagra Brands CAG.N down 2% at $15.42 premarket

Co forecasts annual profit at the low end of its guidance range, hurt by higher costs amid macroeconomic uncertainity

Expects annual adjusted EPS of $1.70, at the low end of its prior forecast of $1.70 to $1.85

Now forecasts annual net sales growth near the midpoint of its earlier guidance of a 1% decline to a 1% rise

Slightly misses Q3 profit estimates

As of last close, stock down 9% YTD