CAG · Conagra Brands Inc. · Documents

Conagra Brands Inc. reported first-quarter fiscal 2027 net sales of $2,595.9 million, down (1.4)%, while diluted earnings per share rose to $0.36 from $0.34. Operating activities used $4.2 million, and it issued $500.0 million of 5.40% notes.

Conagra Brands expects Q2 organic sales down 2%, full-year inflation at 5% to 6% toward the higher end, and year-end leverage at approximately four times, with approximately $250 million of debt paydown.

Conagra Brands reported first-quarter fiscal 2027 organic net sales down 1.1%, adjusted EPS up 5.1% to $0.41, and free cash flow of ($128) million; it reaffirmed guidance for organic net sales of (3)% to (1)% and adjusted EPS of $1.40 to $1.50.

Conagra Brands, Inc. shareholders elected eleven (11) directors until the 2027 Annual Meeting, approved named executive officer compensation, ratified KPMG LLP for fiscal 2027, and approved a proposal restricting “blank-check” preferred stock distributions.