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StocksMediumUpdated•Originally published 30 September 2026•Updated 30 September 2026•
1 min read

Conagra Brands Reports First Quarter Fiscal 2027 Results

Key Facts

1Conagra Brands reported financial results for the first quarter of fiscal year 2027, which ended on August 30, 2026.

Conagra Brands reported financial results for the first quarter of fiscal year 2027, which ended on August 30, 2026. According to a company statement via PR Newswire, net income increased 6.0% to $174 million, or $0.36 per diluted share, compared to $165 million in the prior year period. Adjusted net income also saw a 4.3% rise, reaching $197 million.

The results were impacted by a 3.4% decrease in gross profit to $619 million, as higher productivity was offset by cost of goods sold inflation and lower organic net sales. In equity markets, CAG closed at $14.13 on September 29, 2026, having traded between a low of $13.94 and a high of $14.24 during that session. The company also reduced its net debt by 2.5% to $7.4 billion by the end of the quarter.

Latest Updates · 1

  1. Notable·

    Update: These financial results exceeded analyst estimates for both earnings and sales during the first quarter. This outperformance occurred despite inflationary pressures, reflecting the company's ability to manage costs more effectively than market participants had anticipated.