CAG Earnings: Conagra Brands Q4 adj. profit drops, misses estimates

Conagra Brands, Inc. (NYSE: CAG), a leading provider of consumer packaged goods, reported lower sales and adjusted earnings for the fourth quarter of 2025. Results missed analysts’ estimates.

Net sales were $2.78 billion in the May quarter, compared to $2.91 billion in the year-ago quarter. Organic net sales decreased 3.5% year-over-year during the quarter. Sales fell short of Wall Street’s expectations.

Net income, adjusted for special items, dropped to $0.56 per share in Q4 from $0.61 per share in the year-ago quarter, missing analysts’ forecasts. On an unadjusted basis, the company reported net income of $256 million or $0.53 per share for the fourth quarter, compared to a loss of $567.3 million or $1.18 per share in the same period of 2024.

For fiscal 2026, the management expects organic net sales to be down 1% to up 1% compared to fiscal 2025. Full-year adjusted operating margin is expected to be between 11.0% and 11.5%. It is looking for adjusted earnings per share in the range of $1.70 to $1.85.

Commenting on the results, Conagra’s CEO Sean Connolly said, “We entered the year focused on returning volume to growth and delivered consistent progress through the first half. This resulted in a return to absolute volume growth in domestic retail in the second quarter, best-in-class market share performance, and first-half EPS in line with our plan. While the second half was impacted by higher than expected inflation, foreign exchange headwinds, and supply constraints, our long-term value creation strategy remains unchanged.”

Prior Performance