Conagra Brands Q3 adjusted EPS falls 23.5%; narrows FY2026 EPS guidance to low end
Conagra reported third-quarter fiscal 2026 results for the quarter ended February 22, 2026. Reported net sales fell 1.9% to $2.8 billion and adjusted EPS fell to $0.39 from $0.51, though organic net sales rose 2.4%. The company narrowed its fiscal 2026 adjusted EPS outlook to about $1.70, the low end of its $1.70 to $1.85 range, and lowered its expected adjusted equity earnings, which points to lower profit for shareholders this year.
Key points
- Reported net sales fell 1.9% to $2.8 billion, with a 4.8% decrease from M&A offsetting 2.4% organic growth.
- Adjusted EPS was $0.39, down 23.5%; reported diluted EPS was $0.42, up 40.0%, including about $0.07 from unusual tax items.
- Fiscal 2026 adjusted EPS guidance is about $1.70, at the low end of the $1.70 to $1.85 range; adjusted equity earnings now expected at about $140 million versus a prior estimate of about $170 million.
- For the first three quarters, the company reported a net loss of $299.3 million, including $771.3 million in goodwill impairment charges.
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 April 01, 2026.
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