Conagra Brands Inc. posted higher sales for the latest quarter after raising prices to offset climbing costs.
The producer of Duncan Hines cake mixes and Slim Jim meat snacks said Thursday that sales were up 9.5% to $2.9 billion in the quarter ended Aug. 28. The top-line was primarily lifted by higher prices, which, along with a shift in the mix of items sold, added 14.3% to the sales gain. That came as costs ballooned 15% and sales volume declined 4.6%.
