Conagra Brands, Inc. (NYSE: CAG), a leading provider of consumer packaged goods, reported lower sales and adjusted earnings for the second quarter of 2026. The company also issued guidance for fiscal 2026.
Net sales were $2.98 billion in the November quarter, compared to $3.2 billion in the year-ago quarter. Organic net sales decreased 3% year-over-year during the quarter. Sales were in line with Wall Street’s expectations.
Net income, adjusted for special items, dropped to $0.45 per share in Q2 from $0.70 per share in the year-ago quarter. On an unadjusted basis, the company reported a net loss of $663.6 million or $1.39 per share for the second quarter, compared to a profit of $284.5 million or $0.59 per share in the same period of 2025.
For fiscal 2026, the management expects organic net sales to be down 1% to up 1% compared to fiscal 2025. Full-year adjusted operating margin is expected to be between 11.0% and 11.5%. It is looking for adjusted earnings per share in the range of $1.70 to $1.85 for 2026.
Commenting on the results, Conagra’s CEO Sean Connolly said, “ While we continued to navigate a challenging consumer environment in the second quarter, I am pleased with the continued underlying momentum we are seeing across the business. As we look ahead to the second half, we are well-positioned to return to organic net sales growth supported by a robust innovation pipeline, increased merchandising and A&P investment, and a resilient supply chain.”
The post CAG Earnings: Conagra Brands Q2 profit declines on lower sales first appeared on AlphaStreet.
—
Blog powered by G6
Disclaimer! A guest author has made this post. G6 has not checked the post. its content and attachments and under no circumstances will G6 be held responsible or liable in any way for any claims, damages, losses, expenses, costs or liabilities whatsoever (including, without limitation, any direct or indirect damages for loss of profits, business interruption or loss of information) resulting or arising directly or indirectly from your use of or inability to use this website or any websites linked to it, or from your reliance on the information and material on this website, even if the G6 has been advised of the possibility of such damages in advance.
For any inquiries, please contact [email protected]
