CHICAGO — A challenging consumer environment — particularly in the frozen and refrigerated aisles — weighed on earnings and sales at Conagra Brands Inc. during fiscal 2024. Net income in the year ended May 26 totaled $347.2 million, equal to 73¢ per share on the common stock, down 49% from $683.6 million, or $1.43 per share, in fiscal 2023. The challenges were especially evident in the fourth quarter, when Conagra sustained a loss of $567.3 million. In the same quarter a year ago, Conagra had income of $37.5 million, equal to 8¢ per share. Net sales also were lower for the full year and fourth quarter. In the 52 weeks ended May 26, sales fell to $12.05 billion, down 1.8% from $12.28 billion in fiscal 2023. Fourth-quarter sales declined 2.3% to $2.91 billion from $2.97 billion. News of the weaker results sent shares of Conagra lower, falling to $27.46 per share on the New York Stock Exchange on July 11, the stock's lowest level since March.