The earnings call presented a balanced view of Conagra's position. While the company has seen strong consumer response and successful innovations in certain segments, it is also facing persistent inflation and supply constraints affecting margins and profitability. Investments in productivity and supply chain resilience provide a positive outlook for future margin expansion.

Company Guidance -

Q1 2026

During the Conagra Brands Fourth Quarter Fiscal 2025 Earnings Conference Call, management provided detailed guidance for fiscal 2026, highlighting several key metrics and strategic priorities. The company anticipates a 4% core inflation rate, with significant cost pressures in animal proteins, corrugated cocoa, and manufacturing labor. Despite a challenging inflationary environment, Conagra plans to invest in volume growth, particularly in its frozen snacks segment, while also implementing a 5% productivity target, inclusive of tariff mitigation efforts. The company aims to offset inflation impacts partially and projects a 90% cash flow conversion, with plans to reduce debt by $700 million. Conagra also emphasized ongoing investments in supply chain resiliency and innovation, with a focus on premiumizing products such as the successful Banquet Mega Chicken Fillets. Management remains committed to maintaining its dividend while strategically managing pricing and volume growth to enhance long-term brand value and shareholder returns.

Strong Consumer Response to Volume Investments

Conagra received a tremendous consumer response to their volume-focused investments in frozen snacks, leading to a return to absolute volume growth in Q2 of the previous year.

Productivity and Tariff Mitigation Efforts

In fiscal 2026, productivity and tariff mitigation efforts are expected to be over 5%, demonstrating strong operational efficiencies.

Supply Chain Resiliency Investments

Investments in the supply chain, including a new chicken plant, are expected to repatriate outsourced production at lower costs, contributing to future margin expansion.

Successful Innovation in Frozen Foods

The launch of Banquet Mega Chicken Fillets exceeded sales expectations, highlighting the success of premiumization in their frozen food segment.

Conagra Brands (CAG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

CAG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 02, 2025	2026 (Q1)	0.33 / -	0.53	―	―	―
Jul 10, 2025	2025 (Q4)	0.58 / 0.56	0.61	-8.20% (-0.05)
Apr 03, 2025	2025 (Q3)	0.52 / 0.51	0.69	-26.09% (-0.18)
Dec 19, 2024	2025 (Q2)	0.68 / 0.70	0.71	-1.41% (-0.01)
Oct 02, 2024	2025 (Q1)	0.60 / 0.53	0.66	-19.70% (-0.13)
Jul 11, 2024	2024 (Q4)	0.57 / 0.61	0.62	-1.61% (-0.01)
Apr 04, 2024	2024 (Q3)	0.65 / 0.69	0.76	-9.21% (-0.07)
Jan 04, 2024	2024 (Q2)	0.68 / 0.71	0.81	-12.35% (-0.10)
Oct 05, 2023	2024 (Q1)	0.60 / 0.66	0.57	15.79% (+0.09)
Jul 13, 2023	2023 (Q4)	0.59 / 0.62	0.65	-4.62% (-0.03)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CAG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 10, 2025	$20.01	$19.14	-4.35%
Apr 03, 2025	$25.53	$25.92	+1.53%
Dec 19, 2024	$26.13	$25.60	-2.03%
Oct 02, 2024	$30.87	$28.38	-8.07%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.