Conagra Brands slightly beats Q4 revenue estimates, cuts annualized dividend rate

Conagra Brands

15/07/2026 12:41

Overview
U.S. packaged foods maker's fiscal Q4 revenue up 3.6%, slightly beating analyst expectations
Adjusted EPS for fiscal Q4 beat analyst expectations
Company cut annualized dividend rate to $0.70 per share

Outlook
Conagra sees fiscal 2027 organic net sales change of (3)% to (1)% vs fiscal 2026
Company expects fiscal 2027 adjusted EPS between $1.40 and $1.50
Conagra expects fiscal 2027 adjusted operating margin between 10.0% and 10.5%

Result Drivers
COST INFLATION & OPERATING LEVERAGE - Productivity gains and tariff refunds were more than offset by cost of goods sold inflation and unfavorable operating leverage, leading to lower gross profit and margins
HIGHER SG&A EXPENSES - SG&A rose due to restructuring charges, higher incentive compensation, and the 53rd week impact
VOLUME DECLINES - Organic net sales were flat as a 1.6% positive price/mix was offset by a 1.6% decrease in volume

Company press release: ID:nPncgHFFWa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Slight Beat*
$2.90 bln
$2.89 bln (14 Analysts)
Q4 Adjusted EPS
Beat
$0.47
$0.46 (15 Analysts)
Q4 EPS
 
-$3.37
 
Q4 Adjusted Net Income
Beat
$228 mln
$219.75 mln (10 Analysts)
Q4 Net Income
 
-$1.60 bln
 
Q4 Adjusted EBIT Margin
 
11.70%
 
Q4 Adjusted Gross Margin
 
24.50%
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 12 "hold" and 5 "sell" or "strong sell"
The average consensus recommendation for the food processing peer group is "hold"
Wall Street's median 12-month price target for Conagra Brands Inc is $14.00, about 1.1% below its July 14 closing price of $14.15
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)