Conagra Brands Q3 Earnings Call Highlights

1 hour ago 1

MarketBeat

Wed, April 1, 2026 astatine 8:06 AM CDT 8 min read

Conagra Brands logo

Organic nett income growth returned successful Q3 (+2.4%), driven by a frozen market-share betterment and snacks outperformance, with snacks delivering its 5th consecutive 4th of dollar income growth.
Margins and net dipped arsenic ostentation remained elevated (~7%); adjusted operating borderline fell 213 bps to 10.6% and adjusted EPS was $0.39, contempt beardown productivity gains.
Management raised its escaped currency travel conversion people to ~105% and reduced nett indebtedness by astir $800M (net leverage 3.83x), but narrowed FY guidance and chopped the adjusted EPS outlook to ~$1.70 owed to a weaker publication from the Ardent Mills JV, not the halfway business.
Interested successful Conagra Brands? Here are 5 stocks we similar better.

5 Under-the-Radar Consumer Staples Stocks With Pricing Power

Conagra Brands (NYSE:CAG) reported a instrumentality to integrated nett income maturation successful its fiscal 3rd 4th of 2026, driven by improved momentum successful frozen and continued outperformance successful snacks, portion maintaining a absorption connected escaped currency travel and indebtedness reduction.

CEO Sean Connolly said the institution “returned to integrated nett income maturation successful enactment with our expectations that we shared past quarter,” and pointed to “continued upward inflection successful our maturation businesses” arsenic frozen gained marketplace stock and snacks again grew faster than their categories. He added that successful staples, Conagra continues to “take a antithetic approach, managing the concern for cash.”

→ Down 25%, Chinese Giant PDD Could Be a Strong Long-Term Value

Worried About Mag 7 Concentration Risk? This ETF Could Help

Connolly said the company’s trajectory resembles its show anterior to past year’s impermanent proviso constraints, erstwhile it delivered “six consecutive quarters of measurement improvement.”

CFO Dave Marberger reported integrated nett income accrued 2.4% successful the 4th to astir $2.8 billion. The company’s nett income span showed measurement up 0.5% and price/mix up 1.9%, with overseas speech providing a 50-basis-point tailwind. Marberger noted divestitures—Chef Boyardee and the frozen seafood businesses—represented a 480-basis-point interaction connected reported results.

→ Coursera's Options Anomaly: A Big Bet connected What's Next?

Conagra Brands High-Yield and Deep Value Are a Buy successful October

Marberger besides said quarterly shipments “modestly exceeded consumption,” chiefly successful refrigerated and frozen, citing retailer inventory changes astir merchandising events, the lapping of past year’s unfavorable commercialized adjustment, and the interaction of prior-year proviso constraints—“all dynamics we anticipated.”

Read Entire Article