Conagra Brands Q1 sales fall 5.8%, adjusted EPS down 26.4%; fiscal 2026 guidance reaffirmed
Conagra Brands reported first-quarter fiscal 2026 results with net sales down 5.8% to $2.6 billion and adjusted EPS down 26.4% to $0.39, though organic sales fell only 0.6%, mostly because of divested businesses. The company reaffirmed its fiscal 2026 adjusted EPS guidance of $1.70 to $1.85 while noting elevated cost inflation and tariff pressure, so shareholders face weaker recent profits with the full-year outlook unchanged.
Key points
- Net sales fell 5.8% to $2.6 billion, with a 5.1% decline from the unfavorable impact of M&A and organic net sales down 0.6%.
- Adjusted EPS was $0.39 versus $0.53 a year earlier; GAAP diluted EPS was $0.34 versus $0.97, which included a prior-year $0.44 tax valuation allowance benefit.
- Fiscal 2026 guidance reaffirmed: organic net sales growth of (1)% to 1%, adjusted operating margin of about 11.0% to 11.5%, and adjusted EPS of $1.70 to $1.85.
- Net debt was $7.6 billion, down 12.3% from a year earlier, and the company now expects total cost of goods sold inflation in the low 7% range.
The filing
Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 01, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.