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Conagra Reaffirms 2026 Outlook, Highlights Strong Cash Generation

Story Highlights
  • Conagra reaffirmed its fiscal 2026 guidance, projecting flat to slight organic sales change, adjusted operating margins around 11 percent, and adjusted EPS between $1.70 and $1.85.
  • The company lifted its free cash flow conversion target to roughly 100 percent for fiscal 2026 and highlighted upcoming 2026 product innovations to bolster competitiveness and support long-term growth.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Conagra Reaffirms 2026 Outlook, Highlights Strong Cash Generation

Meet Samuel – Your Personal Investing Prophet

Conagra Brands ( (CAG) ) has provided an update.

On February 16, 2026, Conagra Brands reaffirmed its fiscal 2026 guidance ahead of its presentation at the Consumer Analyst Group of New York conference, signaling confidence in its current strategy despite a modest sales outlook. The company maintained expectations for organic net sales to range from a 1% decline to 1% growth versus fiscal 2025, an adjusted operating margin of about 11.0% to 11.5%, and adjusted EPS of $1.70 to $1.85.

Conagra also raised its forecast for free cash flow conversion to approximately 100% for the full year, up from a prior target of about 90%, indicating improved cash generation relative to earnings. The company plans to showcase new product innovations launching in calendar 2026, reinforcing its emphasis on branded innovation to support margins and sustain its competitive position in the packaged food sector.

The most recent analyst rating on (CAG) stock is a Hold with a $20.00 price target. To see the full list of analyst forecasts on Conagra Brands stock, see the CAG Stock Forecast page.

Spark’s Take on CAG Stock

According to Spark, TipRanks’ AI Analyst, CAG is a Neutral.

Conagra Brands’ overall stock score reflects significant challenges in financial performance, particularly declining revenue and profitability. While the earnings call suggests some optimism with expected sales growth and innovation, valuation concerns due to a negative P/E ratio and technical indicators pointing to a bearish trend weigh on the score. The high dividend yield provides some support, but operational and market challenges remain.

To see Spark’s full report on CAG stock, click here.

More about Conagra Brands

Conagra Brands, Inc. is one of North America’s leading branded food companies, combining a century-long history in packaged foods with a focus on innovation and evolving consumer tastes. Headquartered in Chicago, it generated nearly $12 billion in net sales in fiscal 2025 with a portfolio that includes Birds Eye, Duncan Hines, Healthy Choice, Marie Callender’s, Reddi-wip, Slim Jim, and Angie’s BOOMCHICKAPOP.

Average Trading Volume: 11,419,050

Technical Sentiment Signal: Sell

Current Market Cap: $9.45B

See more insights into CAG stock on TipRanks’ Stock Analysis page.

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