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Aug 24
ConAgra Q1 2026 Earnings Report
ConAgra reported a decline in revenue and earnings in Q1 2026 amid portfolio changes and inflationary pressure.
Key Takeaways
Conagra Brands faced a challenging Q1 2026, with a decline in net sales and earnings due to the impact of divestitures and inflation. However, the company reduced net debt, reaffirmed guidance, and saw growth in some key product categories.
Net sales declined to $2.63 billion, primarily due to divestitures.
Adjusted EPS was $0.39, with adjusted net income of $189 million.
Adjusted EBITDA dropped 16.4% year-over-year to $441 million.
The company reaffirmed full-year guidance and reduced net debt by 12.3%.
ConAgra
ConAgra
ConAgra Revenue by Segment
ConAgra Revenue by Geographic Location
Revenue by Segment
Grocery & Snacks Revenue
CapyFin.comRefrigerated & Frozen Revenue
CapyFin.comInternational Revenue
CapyFin.comFoodservice Revenue
CapyFin.comRevenue by Geographic Location
Total Revenue
CapyFin.com Forward Guidance
Conagra reaffirmed its FY26 guidance despite ongoing cost pressures and macroeconomic headwinds.
Positive Outlook
- Guidance for adjusted EPS remains $1.70–$1.85.
- Adjusted operating margin expected between ~11.0% and ~11.5%.
- Organic net sales growth expected between -1% and +1%.
- Net leverage ratio improved to 3.55x.
- Strong cost-savings and pricing actions planned to offset inflation.
Challenges Ahead
- Cost of goods sold inflation expected in low 7% range.
- Tariffs projected to increase COGS by ~3% annually.
- Inflationary pressure remains elevated.
- Consumer sentiment remains cautious.
- Operating environment expected to stay dynamic and challenging.
Revenue & Expenses
Visualization of income flow from segment revenue to net income