Gardein parent turns in ho-hum quarterly financial result

Conagra's Refrigerated & Frozen unit, which includes Gardein, took a tumble.

Conagra Brands’ financial performance dulled in its third fiscal quarter, ended Feb. 25, with net sales for the company as a whole down 1.7%, to $3.0 billion and net income down 9.9% to $308.8 million for the period.

Its Refrigerated & Frozen unit, which includes alt-meat brand Gardein, saw net sales drop 8.0%, to $1.2 billion for the quarter, with operating profit down 23.6%, to $201.5…