Conagra sees fiscal 2027 organic net sales change of (3)% to (1)% vs fiscal 2026
Company expects fiscal 2027 adjusted EPS between $1.40 and $1.50
Conagra expects fiscal 2027 adjusted operating margin between 10.0% and 10.5%
Overview
U.S. packaged foods maker's fiscal Q4 revenue up 3.6%, slightly beating analyst expectations
Adjusted EPS for fiscal Q4 beat analyst expectations
Company cut annualized dividend rate to $0.70 per share
Result drivers
Cost inflation & operating leverage - Productivity gains and tariff refunds were more than offset by cost of goods sold inflation and unfavorable operating leverage, leading to lower gross profit and margins
Higher SG&A expenses - SG&A rose due to restructuring charges, higher incentive compensation, and the 53rd week impact
Volume declines - Organic net sales were flat as a 1.6% positive price/mix was offset by a 1.6% decrease in volume
Analyst coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 12 "hold" and 5 "sell" or "strong sell"
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