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Nov 23, 2025
ConAgra Q2 2026 Earnings Report
ConAgra reported a net loss in Q2 FY26 driven by goodwill and brand impairment charges.
Key Takeaways
ConAgra Brands posted a GAAP net loss of $664 million in Q2 FY26 due to significant impairment charges, though adjusted EPS remained positive. Revenue declined, impacted by volume declines and divestitures. The company reaffirmed full-year guidance and highlighted underlying volume share gains in key categories.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
ConAgra reaffirmed its FY26 guidance despite macro uncertainty, supported by innovation and supply chain resilience.
Positive Outlook
- Reaffirmed FY26 adjusted EPS guidance of $1.70 to $1.85
- Expected organic net sales change between -1% and +1%
- Adjusted operating margin targeted between ~11.0% and ~11.5%
- Maintains strong innovation pipeline for H2
- Resilient supply chain supports future performance
Challenges Ahead
- Expecting ~7% cost of goods sold inflation
- Tariffs expected to increase COGS by ~3%
- Equity method earnings guidance lowered to $170M from $200M
- Volume declines persisted in Q2
- Retailer purchasing behavior affected quarter-end sales timing
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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