Conagra down after dour annual forecast, dividend cut

Conagra Brands

15/07/2026 13:25

** Slim Jim maker Conagra CAG.N down ~5% at $13.50 premarket
** Co forecasts annual profit below estimates on higher commodity costs and frugal consumer spending

    ** Expects FY27 adj. EPS of $1.40-$1.50 vs estimates of $1.59, per LSEG data
  

    ** Expects FY27 organic net sales to drop 1%-3% versus 0.4% decrease in FY26
  

    ** CAG also halves dividend to 70 cents per share
  
** Up to last close, stock had fallen about 18% YTD
     

 (Reporting by Shania S Thomas and Anuja Bharat Mistry in Bengaluru)
 ((AnujaBharat.Mistry@thomsonreuters.com))