CAG Research | Milton Maxwell

CAG

Conagra Brands, Inc.

17.74

-0.20-1.11%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

FY Q3 '26

3/31/26Mar 31, 2026

Key Stats

Market Cap

8.49B

P/E (TTM)

10.02

Basic EPS (TTM)

1.77

Dividend Yield

0.08%

Recent Filings

8-K

Board adds two independents

2/18/26Feb 18, 2026

Conagra Brands expanded its board from 11 to 12 directors on February 18, 2026, appointing independent directors John Mulligan and Pietro Satriano effective immediately. Mulligan joins Human Resources and Nominating Committees; Satriano, financially literate, takes Audit/Finance. Each gets ~$60,000 RSUs on March 2. New voices sharpen governance.

8-K

Reaffirms FY26 guidance

2/17/26Feb 17, 2026

Conagra Brands reaffirmed its fiscal 2026 guidance on February 16 ahead of the CAGNY conference, holding organic net sales change at -1% to 1%, adjusted operating margin at ~11.0%-11.5%, and adjusted EPS at $1.70-$1.85. Free cash flow conversion upgraded to ~100% from 90%. Guidance holds firm.

10-Q

Q2 FY2026 results

12/19/25Dec 19, 2025

Conagra Brands posted Q2 FY2026 net sales of $2.98B, down 6.8% y/y from $3.20B (derived), with Refrigerated & Frozen (42% of sales) off 6.5% y/y amid volume dips and input inflation, yet gross margins held as productivity offset costs. A $771.3M goodwill impairment there plus $197.0M intangible hits flipped operating profit to a $597.6M loss from $402.6M profit y/y; net loss hit $(1.39) diluted EPS versus $0.59 profit, with anti-dilution excluding 0.5M shares. YTD operating cash flow fell to $331.2M from $754.2M, free cash flow $112.6M (derived), bolstered by $648.9M divestiture proceeds; cash dipped to $46.6M, total debt ~$7.24B with $2.0B revolver fully available. Impairments stemmed from higher discount rates and soft sentiment. Frozen volumes softened.

8-K

Q2 sales down, guidance steady

12/19/25Dec 19, 2025

Conagra Brands reported Q2 FY26 net sales down 6.8% to $3.0B, with organic sales off 3.0% on volume declines, yet adjusted operating margin held at 11.3% and adjusted EPS hit $0.45 despite $968M non-cash goodwill/brand impairments driving a $1.39 reported loss. Net debt fell 10.1% to $7.6B. Guidance reaffirmed: organic sales -1% to 1%, adjusted EPS $1.70-$1.85. Impairments signal valuation pressure.

8-K

Napier named principal accounting officer

10/6/25Oct 6, 2025

Conagra Brands appointed Melissa Napier as Senior Vice President, Corporate Controller, effective October 17, 2025, succeeding William E. Johnson. Napier, a CPA with nearly 25 years in food industry finance including stints at US Foods and Tyson, shifts from Grocery & Snacks CFO. No family ties or special arrangements. Smooth transition preserves accounting continuity.

About

Conagra Brands, Inc., together with its subsidiaries, operates as a consumer packaged goods food company primarily in the United States. The company operates in four segments: Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice. The Grocery & Snacks segment primarily offers shelf stable food products through various retail channels. The Refrigerated & Frozen segment provides temperature-controlled food products through various retail channels. The International segment offers food products in various temperature states through retail and foodservice channels outside of the United States. The Foodservice segment offers branded and customized food products, including meals, entrees, sauces, and various custom-manufactured culinary products packaged for restaurants and other foodservice establishments. The company sells its products under the Birds Eye, Marie Callender's, Duncan Hines, Healthy Choice, Slim Jim, Reddi-wip, Angie's, BOOMCHICKAPOP brands. Conagra Brands, Inc. was incorporated in 1919 and is headquartered in Chicago, Illinois.

CEO

Mr. Sean M. Connolly

IPO

3/17/1980

Website

https://www.conagrabrands.com

Employees

18,300

Sector

Consumer Defensive

Industry

Packaged Foods