Conagra Brands Reports First Quarter Results

CHICAGO, Sept. 30, 2026 /PRNewswire/ -- Today Conagra Brands, Inc. (NYSE: CAG) reported results for the first quarter of fiscal year 2027, which ended on August 30, 2026. All comparisons are against the prior year fiscal period, unless otherwise noted.

* Reported net sales decreased 1.4%; organic net sales decreased 1.1%. * Reported operating margin was 10.3%; adjusted operating margin was 11.5%. * Reported diluted earnings per share (EPS) was $0.36, a 5.9% increase. Adjusted earnings per share was $0.41, a 5.1% increase. * The company is reaffirming its fiscal 2027 guidance, reflecting: * Organic net sales change of (3)% to (1)% compared to fiscal 2026 * Adjusted operating margin between 10.0% and 10.5% * Adjusted EPS between $1.40 and $1.50 CEO Perspective John Brase, president and chief executive officer of Conagra Brands, commented, "We delivered a solid start to fiscal 2027 with top line results largely in line with expectations and profit ahead of expectations amid a challenging operating environment. Importantly, we are acting on our previously outlined priorities including restoring margins, increasing investment, reducing complexity, and rebalancing capital allocation, which are translating into measurable progress across the business. While there is more work to be done, we remain on track to deliver the year and are reaffirming our fiscal 2027 guidance."