Conagra Brands Q4 fiscal 2026 net sales hits $2.9 billion

• Conagra reported a fiscal 2026 loss of $4 per share after recording $2 billion in non-cash impairment charges.
• Conagra shares fell 1.2% to $14.15 in premarket trading following the results.
• The company cut its annualized dividend to $0.70 and forecast lower organic sales and adjusted earnings for fiscal 2027.

Conagra Brands (NYSE:CAG) reported Q4 fiscal 2026 net sales of $2.9 billion, a diluted loss of $3.37 per share and an annualized dividend cut to $0.70.

Quarterly sales rose 3.6%, but organic sales were flat as a 53rd week added 7.7 percentage points and portfolio changes reduced growth by 4.6 points.

Conagra recorded $2 billion in non-cash impairment charges and forecast fiscal 2027 organic sales down 3%–1%, adjusted margins of 10.0%–10.5% and adjusted EPS of $1.40–$1.50.

Following the announcement, Conagra Brands' share price was down 1.2% at $14.15 in premarket trading.

For fiscal 2026, sales fell 2.9% to $11.3 billion, adjusted EPS was $1.72, free cash flow reached $979 million and net debt declined to $7.1 billion.

Conagra said its near-term strategy includes restoring margins, increasing brand and supply-chain investment, simplifying operations and improving financial flexibility.