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Conagra Brands Inc
F:CAO

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Conagra Brands Inc Logo
Conagra Brands Inc
F:CAO
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Price: 13.432 EUR 0.69% Market Closed
Market Cap: €6.4B

Conagra Brands Inc
Investor Relations

Conagra Brands Inc., a stalwart of the American food processing industry, has steadily evolved from its origins in Nebraska wheat milling into a formidable player in the consumer packaged goods sector. Known for its diverse array of brands that stock the shelves of grocery stores nationwide, the company encompasses household names such as Healthy Choice, Marie Callender's, and Hunt's. Conagra has mastered the art of leveraging economies of scale and marketing to appeal to the diverse tastes of consumers, navigating trends that range from health-conscious eating to international flavors. By continually revamping its product portfolio, Conagra adapts to changing consumer preferences and demographic shifts, ensuring its offerings remain relevant and in demand. The company's innovation pipeline is a testament to its commitment to understanding and capitalizing on consumer insight to drive product development and refined marketing strategies.

Underpinning Conagra’s business model is its intricate supply chain and efficient distribution network, which together bolster its ability to deliver products across North America with precision and speed. Conagra makes money by not only producing and selling a wide range of packaged foods but also by effectively managing its brand portfolio through strategic acquisitions and divestitures. In recent years, the acquisition of Pinnacle Foods has underscored this strategy, allowing Conagra to strengthen its foothold in the frozen foods sector, which has experienced a resurgence in popularity. This strategic agility is complemented by a disciplined focus on cost management, ensuring margins are maintained even as competition intensifies in the crowded consumer goods market. Through these multifaceted operations, Conagra not only sustains profitability but also positions itself as a proactive industry leader poised to cater to the ever-evolving tastes of its customers.

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Last Earnings Call
Fiscal Period
Q3 2026
Call Date
Apr 1, 2026
AI Summary
Q3 2026

Volume first: Management said the company’s decision to prioritize volume growth in frozen and snacks is working, with portfolio volume improving and total portfolio growth returning this quarter.

Margins improving: The company now expects fiscal Q3 operating margin to finish at the high end of its 11% to 11.5% guide, helped by productivity, pricing actions, and supply chain improvements.

Q4 outlook: Management expects positive organic net sales growth in Q4 and an operating margin inflection from Q3 to Q4, helped by lower A&P, the 53rd week, and normal seasonality.

Cost visibility: For fiscal 2027, Conagra said it is about 60% covered on total materials for Q1, about 40% covered for the full year, and only about 15% covered on proteins.

Cash flow focus: Free cash flow conversion was raised to 105% from 100%, and management said inventory reduction and working capital improvements remain major levers.

Ardent Mills: Ardent Mills was pressured by low wheat prices and less volatility this year, but management said the business remains cash-generative and dividend timing is reviewed annually.

Key Financials
Operating margin guidance
11% to 11.5%
Free cash flow conversion
105%
Total inflation
7%
Core inflation
4%
Tariffs before mitigation
3%
Mitigation
1%
Material spend coverage
roughly 60% for Q1
Protein coverage
about 15%
Fiscal 2026 productivity
just over 5%
Ardent Mills payout ratio
above 100%
Earnings Call Recording
Other Earnings Calls

Management

Mr. Sean M. Connolly
President, CEO & Director
No Bio Available
Mr. Thomas M. McGough
COO & Executive VP
No Bio Available
Mr. Alexandre O. Eboli
Executive VP & Chief Supply Chain Officer
No Bio Available
Ms. Tracy Schaefer
Senior VP & Chief Information Officer
No Bio Available
Ms. Melissa Napier
Senior Vice President of Investor Relation
No Bio Available
Ms. Carey L. Bartell
Executive VP, General Counsel & Corporate Secretary
No Bio Available
Mr. Jonathan J. Harris
Executive VP and Chief Communications & Networking Officer
No Bio Available
Ms. Charisse Brock
Executive VP & Chief Human Resources Officer
No Bio Available
Mr. James Patrick Kinnerk
President of Conagra International & Foodservice
No Bio Available
Mr. Derek De La Mater
Executive VP & Chief Customer Officer
No Bio Available

Contacts

Address
ILLINOIS
Chicago
222 Merchandise Mart Plz Ste 1300
Contacts
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