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CAG changes

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View the full Oct 20, 2026 version
Price
$14.47 → $14.04(−3.0%)
Discount
30% → 32%(+2.0 pts)
Recent events
2026-09-30: Conagra reported Q1 fiscal 2027 results. Net sales fell 1.4% to $2.6 billion, and organic net sales fell 1.1%, with volume down 2.1% and price and mix up 1.0%. Adjusted EPS rose 5.1% to $0.41, helped by higher earnings from Ardent Mills. Free cash flow was negative $128 million because of lower operating profit and litigation payments. Conagra reaffirmed its fiscal 2027 guidance of adjusted EPS of $1.40 to $1.50. The CEO also said that Conagra started a full review of its product range to remove weak products, and that it stopped making Celeste frozen pizza. 2026-07-28: Conagra completed an offering of $500 million of 5.400% senior notes due August 1, 2031. On the same day, it said that Thomas McGough, Chief Operating Officer, will retire no later than September 4, 2026, and that it will eliminate the position. 2026-07-15: Conagra reported Q4 and full year fiscal 2026 results. Full year adjusted EPS was $1.72, and organic net sales fell 0.4%. In Q4, it recorded $2.0 billion of non-cash goodwill and brand impairment charges, which caused a loss of $3.37 per share. Guidance for fiscal 2027 is an organic net sales change of minus 3% to minus 1% and adjusted EPS of $1.40 to $1.50. The board cut the dividend to an annual rate of $0.70 per share. 2026-04-13: Conagra named John Brase as President and CEO, effective June 1, 2026. Mr. Brase was President and Chief Operating Officer of The J.M. Smucker Company until February 2026 and worked for about 30 years at Procter & Gamble before that.