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Conagra shares hit 52-week low amid CEO change and weak earnings guidance.

Company Fundamentals
13 Apr 2026
Lekha Gupta
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Bearish
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Conagra announced John Brase as its new CEO starting June 1, 2026, succeeding Sean Connolly who is stepping down after over a decade. The company reported adjusted earnings of 39 cents per share, slightly missing estimates, and narrowed its fiscal 2026 earnings guidance to about $1.70 per share, below analyst expectations. Shares fell to a 52-week low amid concerns over growth and financial health, with analysts rating the stock as Hold and lowering price targets. Investors should watch how the leadership transition impacts Conagra's efforts to improve revenue and margins.

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