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Conagra Posts $4 Share Loss, Cuts Dividend, Flags Sales Decline

7/16/2026

Summary

Conagra Reports Loss

Conagra Brands reported a fiscal 2026 loss of $4 per share and reduced its dividend to $0.70.
FY26 net sales fell 2.9% to $11.28 billion, Q4 sales $2.88 billion, and GAAP Q4 loss $1.62 billion stemmed from $2 billion goodwill impairments.
Adjusted FY26 net income of $823 million (EPS $1.72) on a 23.9% margin accompanies a FY27 outlook of 3%–1% organic sales decline, EPS $1.40–$1.50 and a $0.175 dividend payable Sept. 2 2026.

Summary

Conagra Cuts Debt

Conagra will raise advertising spend by about 14% and pause major acquisitions until its leverage improves.
The company will consider selling brands that fall outside its three-core focus on frozen, snacking and staples.
RBC Capital Markets estimates the dividend cut frees more than $330 million to fund debt repayment.
Management aims to cut the debt-to-core-profit ratio from 3.83× to 3.0× and forecasts FY27 EPS of $1.40-$1.50, below the $1.59 expected.

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Conagra Reports Loss

Conagra Brands reported a fiscal 2026 loss of $4 per share and reduced its dividend to $0.70.
FY26 net sales fell 2.9% to $11.28 billion, Q4 sales $2.88 billion, and GAAP Q4 loss $1.62 billion stemmed from $2 billion goodwill impairments.
Adjusted FY26 net income of $823 million (EPS $1.72) on a 23.9% margin accompanies a FY27 outlook of 3%–1% organic sales decline, EPS $1.40–$1.50 and a $0.175 dividend payable Sept. 2 2026.

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