CHICAGO, July 15, 2026 /PRNewswire/ -- Today Conagra Brands, Inc. (NYSE: CAG) reported results for the fourth quarter and full fiscal year 2026, which ended on May 31, 2026. All comparisons are against the prior year fiscal period, unless otherwise noted.
Highlights
Fourth quarter fiscal 2026:
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Reported net sales increased 3.6%; organic net sales were approximately flat
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Reported operating margin was (57.5)%; adjusted operating margin was 11.7%
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Reported diluted loss per share was $3.37, primarily as a result of certain non-cash goodwill and brand impairment charges; adjusted earnings per share (EPS) were $0.47
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Full year fiscal 2026:
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Reported net sales decreased 2.9%; organic net sales decreased 0.4%
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Reported operating margin was (14.4)%; adjusted operating margin was 11.3%
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Reported diluted loss per share was $4.00; adjusted EPS was $1.72
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The company is providing fiscal 2027 guidance to reflect:
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Organic net sales change of (3)% to (1)% compared to fiscal 2026
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Adjusted operating margin between 10.0% and 10.5%
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Adjusted EPS between $1.40 and $1.50
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CEO Perspective
John Brase, president and chief executive officer of Conagra Brands, commented, "I am honored to step into the role of CEO and energized by the opportunities ahead. Conagra has an exceptional portfolio of iconic brands, talented employees, strong customer relationships, and leading positions in attractive categories. In fiscal 2026, our team delivered results within our guidance ranges, navigating a dynamic operating environment while demonstrating the resilience of our business and disciplined execution across the organization."
He continued, "As I immerse myself in the business, I see several near-term opportunities to strengthen the business including stabilizing and restoring our margin profile, increasing investment behind our brands and supply chain, driving simplicity and reducing complexity across the organization, and enhancing our financial flexibility. Taking action against these opportunities will improve our competitiveness, build a strong foundation for growth, and help unlock the full potential of our portfolio. Consistent with these priorities, and as approved by our Board of Directors, we are announcing today a reduction in our dividend to an annualized rate of $0.70 per share. While there is important work to do, I am confident in the strength of our brands, our people, and our ability to improve performance and deliver attractive long-term returns for shareholders."
Total Company Fourth Quarter Results
In the quarter, reported net sales increased 3.6% to $2.9 billion reflecting: