Conagra Brands Inc
NYSE:CAG

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Conagra Brands Inc Logo
Conagra Brands Inc
NYSE:CAG
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Price: 16.37 USD 1.8% Market Closed
Market Cap: 7.8B USD

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
Q2 2026
Call Date
Dec 19, 2025
AI Summary
Q2 2026

Revenue Decline: Organic net sales for Q2 were approximately $3 billion, down 3% from last year, mainly due to retailer inventory timing and some unseasonal weather impacts.

Margin Pressure: Adjusted gross margin fell to 23.4% and adjusted operating margin dropped to 11.3%, both down year-over-year but slightly better than internal expectations.

Key Segments: Frozen and snacks businesses showed strong underlying momentum, with snacks outperforming category peers and protein-centric snacks like Slim Jim, Duke's, and FATTY seeing volume gains.

Staples Focus: The staples portfolio, including canned products, took inflation-justified pricing to protect margins, with early elasticity tracking in line with expectations.

Guidance Reaffirmed: Management reaffirmed full-year guidance, expecting a return to organic net sales growth in the second half and providing unchanged targets for margins and EPS.

AI & Efficiency: Launched Project Catalyst to leverage AI and technology for productivity gains, with more details promised in calendar 2026.

Cash & Leverage: Net debt reduced by nearly $850 million; net leverage reached 3.83x, better than expected.

Key Financials
Organic Net Sales (Q2)
$3B
Adjusted Gross Margin (Q2)
23.4%
Adjusted Operating Margin (Q2)
11.3%
Adjusted EPS (Q2)
$0.45
Organic Net Sales (First Half)
$5.6B
Net Debt Reduction
$850M
Net Leverage
3.83x
Capital Expenditures (First Half)
$219M
Dividends Paid (First Half)
$335M
Adjusted Equity Earnings (Full Year Guidance)
$170M
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