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Coronavirus sends frozen food sales soaring
Conagra shares up as coronavirus shoppers stock up
Conagra Brands stock is up as shoppers change their grocery buying habits. FOX Business’ Lauren Simonetti with more.
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Americans are continuing to buy shelf-stable foods at supermarkets as they wait out the coronavirus pandemic.
Conagra Brands, the maker of packaged foods like frozen meals, vegetables, peanut butter and popcorn, saw its stock increase 4.3 percent Tuesday in premarket trading after the company said it saw “significantly increased demand” in the fourth quarter. And it doesn’t anticipate sales will slow anytime soon.