Conagra Brands Q4 Earnings Beat Estimates, Sales Rise 3.6% Y/Y

Conagra Brands (CAG) reported Q4 fiscal 2026 adjusted EPS of 47 cents, beating the consensus estimate of 46 cents, while net sales rose 3.6% year over year to $2.88 billion, slightly above expectations. Organic sales were flat as a 1.6% price/mix increase offset a 1.6% volume decline; however, margins contracted with adjusted gross margin falling 130 basis points to 24.5% due to cost inflation and elevated SG&A expenses up 11%.

Why it matters: For FY27, Conagra guidance calls for organic sales to decline 1-3%, adjusted EPS of $1.40-$1.50, and adjusted operating margin of 10-10.5%; the stock carries a Zacks Rank #4 (Sell) and has fallen 3.7% over the past three months.