CAG
Conagra Brands, Inc.17.74
-0.20-1.11%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
8.49BP/E (TTM)
10.02Basic EPS (TTM)
1.77Dividend Yield
0.08%Recent Filings
8-K
Q1 sales dip, guidance holds
Conagra Brands kicked off fiscal 2026 with net sales dipping 5.8% to $2.6 billion, though organic sales held steady at a 0.6% decline amid volume drops offset by pricing. Adjusted EPS fell 26.4% to $0.39, squeezed by inflation and divestiture hits, yet net debt shrank 12.3% to $7.6 billion. Guidance stays firm: organic sales flat to up 1%, adjusted EPS $1.70-$1.85. Tariffs loom large.
10-Q
Q1 FY2026 results
Conagra Brands' Q1 FY2026 net sales fell 5.8% y/y to $2.63B, driven by divestitures like Chef Boyardee and frozen fish, yet organic volumes held steady in Refrigerated & Frozen while dipping elsewhere amid soft demand. Gross margin slipped to 24.3% from 26.5%, squeezed by input inflation but cushioned by productivity gains; operating profit dropped 13.5% y/y to $347.4M (derived), with diluted EPS at $0.34 on 479.6M shares, down sharply from $0.97 y/y due to a prior tax benefit. Cash jumped to $698.1M after $643.6M divestiture proceeds funded $500M term loan prepays and $1B new notes issuance, leaving $2B revolver fully available under compliant covenants. Acquisitions of Sweetwood Smoke & Co. in Aug 2024 for $179.4M cash (recognizing $130M goodwill, $55.8M non-amortizing intangibles) and a contract manufacturer in Jul 2024 for $51.2M cash ($46.3M goodwill) bolstered Grocery & Snacks. Divestitures trimmed exposure, but persistent input cost inflation poses ongoing pressure.
8-K
Controller resigns, CFO steps in
Conagra Brands' Senior Vice President and Corporate Controller, William E. Johnson, resigned on September 17, 2025, to pursue an external opportunity, with his departure effective October 17, 2025; no disagreements with company practices were noted. Executive VP and CFO David S. Marberger will assume the principal accounting officer role interim, without extra pay. This smooth transition maintains financial oversight stability amid leadership shifts.
8-K
Senior notes issuance completed
Conagra Brands completed a $1 billion public offering of senior notes on July 22, 2025, issuing $500 million of 5.000% notes due 2030 and $500 million of 5.750% notes due 2035, both unsecured and ranking equally with existing senior debt. Interest payments start February 1, 2026, under an indenture with standard covenants limiting liens and mergers. The company can redeem early; a change of control triggers a 101% repurchase offer. This bolsters liquidity amid ongoing operations.
8-K
Conagra's FY25 results and outlook
Conagra Brands reported fiscal 2025 results on July 10, 2025, with net sales down 3.6% to $11.6B and organic net sales off 2.9%, hit by volume declines and inflation. Adjusted EPS fell 13.9% to $2.30, yet net leverage improved to 3.6x after reducing net debt to $8.0B. Fiscal 2026 guidance eyes organic sales flat to up 1%, adjusted operating margin at 11.0-11.5%, and adjusted EPS of $1.70-$1.85 amid 7% COGS inflation from tariffs and core pressures. Elevated inflation persists.
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