July 15 (Reuters) - Conagra Brands CAG.N forecast annual profit below Wall Street estimates on Wednesday, signaling that elevated commodity costs and cautious consumer spending would continue to weigh on its business.

The Slim Jim maker said it expects fiscal 2027 adjusted profit of $1.40 to $1.50 per share. Analysts on average were estimating earnings of $1.59 per share, according to data compiled by LSEG.