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Conagra Brands tops sales estimates powered by at-home dining By Reuters

by Mike Robinson

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© Reuters. FILE PHOTO – Cans of Chef Boyardee are on display at a Brooklyn grocery store, December 16, 2015. REUTERS/Darren Ornitz/File Photo/File Photo

(Reuters) – Conagra Brands Inc beat its quarterly sales estimates on Thursday. This was due to the sustained rise in home cooking and increased demand for Slim Jim beef jerky’s frozen snacks and meals.

According to Refinitiv IIBES, it reported net sales in the first quarter of $2.65 trillion, up from $2.68 billion one year ago. This beat analysts’ average estimate, which was $2.54 billion.

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