The earnings call reflects a balanced view, with strong consumer response to investments and strategic supply chain improvements as positive aspects, while persistent high inflation, temporary margin compression, and tariff impacts present significant challenges. The company's focus on productivity and debt reduction provides a positive outlook, but the current financial pressures are notable.

Company Guidance -

Q1 2026

During the Conagra Brands Fourth Quarter Fiscal 2025 Earnings Conference Call, the company provided guidance for fiscal 2026, highlighting several key metrics. Conagra plans to address an 11% cost increase due to inflation and tariffs by focusing on volume growth, particularly in frozen snacks, despite temporary margin compression. The company expects a 4% core inflation rate and has set a target of over 5% productivity gains, including tariff mitigation efforts. Conagra aims for a 90% cash flow conversion rate, with a $700 million debt reduction planned. The strategy also involves maintaining the dividend and investing in supply chain resiliency, with projections of margin expansion post-fiscal 2026.

Strong Consumer Response to Volume-Focused Investments

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

Supply Chain Resiliency Investments

Conagra is advancing supply chain resiliency investments, including a chicken plant that will enable the repatriation of outsourced production at lower costs.

5% Productivity and Tariff Mitigation Efforts

In fiscal 2026, Conagra expects a strong productivity rate of just over 5%, which includes core productivity and tariff mitigation efforts.

Debt Reduction Plan

Conagra plans to pay down $700 million in debt in fiscal 2026, including $600 million from divestitures and $100 million from discretionary cash flow.

Banquet Mega Chicken Fillets Success

The Banquet Mega Chicken Fillets product exceeded sales expectations, showcasing successful premiumization and increasing dollar ring per unit.

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

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CAG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 02, 2025	2026 (Q1)	0.35 / -	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	$20.38	$19.49	-4.37%
Apr 03, 2025	$26.00	$26.40	+1.54%
Dec 19, 2024	$26.61	$26.07	-2.03%
Oct 02, 2024	$31.44	$28.90	-8.08%

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.