Q3 2026 Conagra Brands Inc Earnings Call (Pre-Recorded) Transcript

Apr 1, 2026 / 10:59 AM GMT

Release Date Price: $15.59 (-0.16%)

Transcript 10-Q8-K

Key Points

Positve

Conagra Brands Inc (CAG) returned to organic net sales growth, with a 2.4% increase in Q3, aligning with their expectations.
The company gained market share in key frozen categories and posted strong growth in snacks, exceeding category growth for the fifth consecutive quarter.
Conagra Brands Inc (CAG) is delivering strong free cash flow, allowing for debt reduction and dividend funding.
The company's frozen and snacking categories showed strong in-market performance, reinforcing momentum as the fiscal year closes.
Conagra Brands Inc (CAG) increased its free cash flow conversion estimate to approximately 105%, up from previous estimates, enabling further debt reduction.

Negative

Adjusted gross margin and adjusted operating margin were both down versus the prior year, despite being in line with expectations.
Adjusted earnings per share decreased by $0.12 compared to the previous year, impacted by lower adjusted operating profit and reduced profit from divested businesses.
The international segment experienced a 1.2% decline in organic net sales, with volume softness in Canada offsetting growth in global markets.
Adjusted operating margin declined by 213 basis points over the previous year, affected by unfavorable operating leverage and supply chain investments.
The Ardent Mills joint venture contributed a $0.10 headwind to adjusted EPS, impacting the company's fiscal '26 guidance.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CAG.N - Conagra Brands Inc
Q3 2026 Conagra Brands Inc Earnings Call (Pre-Recorded)
Apr 01, 2026 / NTS GMT

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Presentation
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Good morning.

Thank you for listening to our prepared remarks for the Conagra Brands third quarter fiscal 2026 earnings.

30 Eastern this morning, we will hold a separate live question-and-answer session on today's results, which you can access via webcast on our Investor Relations website.

Our press release, presentation materials and a transcript of these prepared remarks are also available there.

In our presentation this morning, Sean Connolly, our CEO, and Dave Marburger, our CFO, will be making some forward-looking statements, and while we're making those statements in good faith-based on current information, we don't have any guarantee about the results we'll achieve.

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