FN2 Earnings Intelligence

Conagra Brands, Inc. earnings overview

Latest Conagra Brands, Inc. (CAG) earnings intelligence, including the newest scorecard, market reaction, and transcript analysis.

Next reportConagra Brands, Inc. reports Wednesday, Sep 30, 2026 · Before market openConsensus EPS $0.28 · consensus revenue $2.59B
CAG FY2026 Q4 · Calendar Q3 2026

Conagra Brands, Inc.

Conagra delivered a modest EPS beat ($0.47 vs. $0.46 estimate) with a slight revenue miss ($2.88B vs. $2.89B estimate). The headline story is a strategic pivot: management cut the dividend to free approximately $1 billion in cash flow for accelerated deleveraging toward a 3.0x leverage target, while simultaneously increasing brand-building spend by $40 million and stepping up capex by $125 million for FY27. Strong free cash flow conversion (119%) and the launch of Project Catalyst, an operational efficiency program, round out a quarter that prioritizes balance-sheet repair over near-term shareholder returns.

EPS surprise+2.2%
Market move-0.4%

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