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Conagra Q3 sales dip 1.9% but organic growth rises 2.4%; EPS up 40%, narrows FY26 outlook

Company Fundamentals
01 Apr 2026
PRNewsWire
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Neutral
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Conagra Brands reported a 1.9% decline in net sales for Q3 fiscal 2026, though organic net sales grew 2.4%, driven by gains in frozen and snacks categories. Diluted EPS rose 40% to $0.42, despite a 23.5% drop in adjusted EPS to $0.39, reflecting cost pressures and divestitures. The company narrowed its full-year 2026 guidance, expecting organic sales near the midpoint of -1% to 1%, adjusted operating margin at the high end of 11.0%-11.5%, and adjusted EPS at the low end of $1.70 to $1.85. CEO Sean Connolly highlighted strong cash flow and debt reduction, emphasizing confidence in the company's trajectory amid a dynamic market environment.

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