Conagra Brands Inc Reports Lower Earnings and Profit Guidance
Conagra Brands Inc, a US-based food products company, has released its recent earnings report, which missed market expectations. The company’s adjusted earnings per share fell short of estimates.
Key Highlights from the Earnings Report
- Adjusted earnings per share missed market expectations
- Lower profit forecasted for fiscal 2026 due to rising ingredient costs
- Rising US tariffs and shifting consumer habits cited as contributing factors
Guidance for Fiscal 2026
- Adjusted earnings projected to be between $1.70 to $1.85 per share
- Organic net sales expected to decline by 1.0 percent or grow by 1.0 percent
Impact on Stock Price
The company’s stock price has declined following the release of the earnings report and guidance for fiscal 2026. The stock price fell on the news.
Additional Context
Conagra Brands Inc’s stock price has experienced a decline in recent periods. The company’s lower profit guidance and missed earnings expectations have contributed to this decline.