Conagra Brands Q4 loss of $1.6 billion on impairments; dividend cut to $0.70 a year
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.
Key points
- 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
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 July 15, 2026.
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