April 4 Reuters Conagra Brands topped Wall Street estimates for thirdquarter revenue on Thursday, as demand for its pantry staples and frozen food items recovered with more consumers looking to eat at home, sending its shares up about 5 before the bell.

The Slim Jim beef jerky maker has veered towards lowering prices in some categories and increasing promotions to appeal to budgetconscious consumers. Packaged food companies have been looking to stem the fall in volumes, which have been battered in recent times due to price hikes.

Demand for Conagra39;s condiments, snacks and kitchen staples has also received a boost from consumers looking to cook more affordable meals at home as they battle sticky inflation.

The company39;s net sales were 3.03 billion for the quarter ended Feb. 25, compared with analysts39; average estimate of 3.01 billion, according to LSEG data.

Reporting by Juveria Tabassum in Bengaluru; Editing by Shilpi Majumdar

Source Reuters