Sep 30, 7:32 AM ET
Conagra Brands reported first-quarter fiscal 2027 results for the period ended August 30, 2026, with net sales down 1.4% to $2.6 billion while diluted EPS rose 5.9% to $0.36 and adjusted EPS rose 5.1% to $0.41. The company reaffirmed its full-year fiscal 2027 guidance, including adjusted EPS of $1.40 to $1.50, so shareholders see weaker sales offset by higher profit and no change to the outlook.
- Net sales fell 1.4% to $2.6 billion; organic net sales decreased 1.1%, driven by a 2.1% volume decrease.
- Diluted EPS was $0.36, up 5.9%; adjusted EPS was $0.41, up 5.1%, helped by lower adjusted SG&A and higher equity method earnings.
- Fiscal 2027 guidance reaffirmed: adjusted EPS of $1.40 to $1.50 and adjusted operating margin of 10.0% to 10.5%.
- Free cash flow was ($128) million, a decrease of $102 million; net debt was $7.4 billion, with a 3.99x net leverage ratio.
Read the filing on SEC.gov ↗
Jul 28, 1:55 PM ET
Conagra Brands completed a public offering of $500 million of 5.400% Senior Notes due August 1, 2031, on July 28, 2026. The filing adds $500 million of new debt, and the notes carry customary covenants and a change-of-control repurchase offer at 101% of principal.
- Offering size: $500 million aggregate principal of 5.400% Senior Notes due August 1, 2031
- Interest payments begin February 1, 2027; notes are senior unsecured obligations
- Change of Control Triggering Event requires an offer to repurchase at 101% of principal plus accrued interest
- Underwriters: BofA Securities, Goldman Sachs, Mizuho Securities and Wells Fargo Securities under a July 21, 2026 underwriting agreement
Read the filing on SEC.gov ↗
Jul 28, 7:32 AM ET
Conagra Brands said Executive Vice President and Chief Operating Officer Thomas McGough notified the company on July 24, 2026 that he will retire no later than September 4, 2026. The company will eliminate the chief operating officer position when he leaves, so the filing reports a leadership change rather than a financial result.
- Thomas McGough, EVP and Chief Operating Officer, gave notice of retirement on July 24, 2026
- Retirement is effective no later than September 4, 2026
- The chief operating officer position will be eliminated upon his retirement
Read the filing on SEC.gov ↗
Jul 15, 7:33 AM ET
Conagra reported a fourth-quarter fiscal 2026 net loss of $1.6 billion, or $3.37 per diluted share, driven by $2.0 billion of non-cash goodwill and brand impairment charges, while adjusted EPS was $0.47. The board approved a quarterly dividend of $0.175 per share, an annualized rate of $0.70, and the company gave fiscal 2027 adjusted EPS guidance of $1.40 to $1.50, with new CEO John Brase citing margin restoration as a priority.
- Q4 reported net sales rose 3.6% to $2.9 billion, but organic net sales were approximately flat
- Full-year fiscal 2026 diluted loss was $4.00 per share; adjusted EPS was $1.72
- Fiscal 2027 guidance: organic net sales down 3% to 1%, adjusted operating margin 10.0% to 10.5%, adjusted EPS $1.40 to $1.50
- Quarterly dividend of $0.175 per share, payable September 2, 2026, to holders of record July 30, 2026
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.