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.
CAG · Conagra Brands Inc.
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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.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q1 FY27 earnings call · Sep 30, 2026TL;DR. Conagra reported Q1 fiscal 2027 results with adjusted EPS of $0.41 (+5.1%) ahead of expectations on a sizable SG&A timing benefit and an Ardent Mills gain, while reaffirming full-year fiscal 2027 guidance for organic net sales of (3)% to (1)%, adjusted operating margin of 10.0%-10.5%, and adjusted EPS of $1.40-$1.50 amid elevated transportation/inflation expectations.
- + Adjusted EPS of $0.41 beat expectations, lifted by Ardent Mills, lower inflation, SG&A timing, and a tariff refund
- + Equity method investment earnings surged 71.8% on favorable wheat market volatility benefiting Ardent Mills
- + A&P investment stepped up 15.1% as part of accelerated brand building behind priority categories
- + Refinancing completed ahead with $500M note at 5.4%, limiting interest rate exposure
- − Adjusted gross margin contracted 62 bps YoY on cost of goods sold inflation and unfavorable operating leverage
- − Refrigerated & Frozen segment adjusted operating profit fell 13.0% on volume and inflation drag
- − Permissible snacking (meat snacks, popcorn, seeds) underperforming with overdevelopment in pressured C-Store channel
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
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Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders BuyIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | $451M | first quarter of fiscal year 2027 | — |
| Adjusted Operating Profit non-GAAP | $297.9M | Q1 FY27 | — |
GAAP → non-GAAP reconciliationGAAP Operating Profit 205.2M
+2.2M Restructuring plans
-2.5M Legal matters, net of recoveries
= Adjusted Operating Profit 204.9M
|
|||
| Adjusted Operating Profit Margin non-GAAP | 11.5% | Q1 FY27 | — |
| Free cash flow non-GAAP | -$128M | first quarter of fiscal year 2027 | — |
GAAP → non-GAAP reconciliationGAAP Net cash flows from operating activities -4.2M
-123.7M Additions to property, plant and equipment
= Free cash flow -127.9M
|
|||
| Net Debt | $7.39B | As of August 30, 2026 | — |
| Net Debt to Adjusted EBITDA non-GAAP | 3.99 | Q1 FY27 TTM | — |
| Organic Net Sales non-GAAP | $2.59B | Q1 FY27 | — |
GAAP → non-GAAP reconciliationGAAP Net Sales 218.1M
-5M Impact of foreign exchange
= Organic Net Sales 213.1M
|
|||
| Price/Mix non-GAAP | 1% | Q1 FY27 | — |
| Volume (Organic) non-GAAP | -2.1% | Q1 FY27 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Packaged Foods — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
CAG
this stock
Conagra Brands Inc.
|
$7.03B | -14.9% | -6.3% | — | 9.3% |
|
JBS
Jbs N.V.
|
$40.00B | -15.7% | — | — | 1.3% |
|
KHC
Kraft Heinz Co
|
$29.73B | +3.5% | -0.1% | — | 8.7% |
|
GIS
General Mills Inc
|
$18.35B | -26.2% | +4.1% | — | 7.0% |
|
SJM
J M SMUCKER Co
|
$14.17B | +35.7% | +3.7% | — | 2.9% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Sep 30, 2026
- This year
- 19
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.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| CAG | -3.4% | +1.8% | +12.0% | +1.1% | -14.9% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | -5.9% | +3.0% | +11.5% | +1.3% | -25.5% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.