Q2 2026 Conagra Brands Inc Earnings Call Transcript

Dec 19, 2025 / 02:30PM GMT

Release Date Price: $17.44 (-2.19%)

Transcript 10-Q8-K

Key Points

Positve

Conagra Brands Inc (CAG) expects organic net sales growth in the second half of the fiscal year.
The company has successfully reclaimed market share in its frozen single-serve meals segment.
Conagra Brands Inc (CAG) is seeing strong growth in its snacks segment, particularly with Slim Jim and FATTY.
The company is implementing Project Catalyst to reengineer core business processes using AI for more efficiency.
Conagra Brands Inc (CAG) has completed its baked chicken facility, which is expected to improve margins by repatriating production.

Negative

Conagra Brands Inc (CAG) is facing headwinds from absorption due to inventory management efforts.
The company has experienced a sustained decline in stock price, leading to an impairment charge.
Inflation remains a challenge, particularly in beef and pork, affecting cost management.
Conagra Brands Inc (CAG) has not seen the expected downward slope in commodity prices post-inflation peaks.
The company is cautious about the volatile environment, maintaining a wider EPS guidance range.

Operator

Good day, and welcome to the Conagra Brands second quarter fiscal year 2026 earnings Q&A call. (Operator Instructions) Please note, this event is being recorded. I would now like to turn the conference over to Matt Neisius. Please go ahead.

Matthew Neisius

Conagra Brands Inc - Head of Investor Relations

Good morning, everyone, and thank you for joining us. Once again, I'm joined this morning by Sean Connolly, our CEO; and Dave Marberger, our CFO. We may be making some forward-looking statements and discussing non-GAAP financial measures during this Q&A session. Please see our earnings release, prepared remarks, presentation materials and filings with the SEC in the Investor Relations section of our website for descriptions of our risk factors, GAAP to non-GAAP reconciliations and information on our comparability items.

I'll now ask the operator to introduce the first question.

Questions & Answers

Operator;Andrew Lazar

Barclays Services Corp -

Andrew Lazar, Barclays.

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