PepsiCo’s stock headed toward a nine-month low in premarket action Thursday after the beverage and food giant reported a rare quarterly revenue miss, citing weakness in snack-food sales and the impacts of product recalls at Quaker Foods.
Conagra Brands’ stock slumped Thursday, after the parent of food brands including Healthy Choice, Boomchickapop, Duncan Hines and Birds Eye reported quarterly revenue that fell short of forecasts and provided a downbeat profit outlook.
Vista Outdoor Inc. on Thursday urged shareholders to vote in favor of its proposal to sell its Kinetic Group ammunition business to the Czechoslovak Group, a Czech conglomerate, at a coming special meeting.