Conagra says Trump’s tariff costs will hit annual profit

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Open this photo in gallery: Slim Jim snack maker Conagra Brands' CEO said in April it may have to hike prices to offset tariffs costs on ingredients like coco and olive oil used for its canned food products.Andrew Kelly/Reuters Conagra Brands CAG-N forecast annual profit below Wall Street expectations on Thursday as it grapples with higher tariff-related costs for products including its Hunt’s ketchup due to levies on imports from China and on metals. The outlook shows how President Donald Trump’s on-and-off trade policies with changing sector and country-specific tariffs are being felt by U.S. companies. Conagra flagged an overall...