Conagra Brands Q1 Earnings Beat Estimates Despite Sales Decline

Key Facts

1Conagra Brands reported fiscal Q1 adjusted EPS of $0.41, surpassing the estimated $0.31.

2Barclays lowered its price target for CAG to $16.00 from $17.00 while maintaining an Overweight rating.

3Company sales declined 1.4% to $2.60 billion but still exceeded market expectations.

Conagra Brands reported fiscal first-quarter adjusted earnings per share of $0.41, surpassing the $0.31 estimated by analysts according to Financial Modeling Prep. The company's sales declined 1.4% to $2.60 billion during the period, though the figure remained above market expectations despite volume weakness and margin pressure.

Barclays lowered its price target for CAG to $16.00 from $17.00 while maintaining an Overweight rating on the stock. CAG closed at $13.20 on October 1, 2026, having traded between a low of $12.88 and a high of $13.34 during that session. The company anticipates continued headwinds, forecasting a decline in organic sales of 1% to 3% for the fiscal year.