Conagra Q1 FY27 net income rises 6% to $174.3 million; net sales slip to $2.6 billion
CAG•Conagra reported Q1 FY27 net income of $174.3 million, up 6%, and diluted EPS of $0.36, also up 6%. Net sales fell to $2.6 billion, and the company reaffirmed its FY27 guidance.
1. Quarterly results
Conagra Brands reported Q1 FY27 net income of $174.3 million, up 6%, and diluted EPS of $0.36, up 6%. Net sales fell to $2.6 billion, operating profit dropped to $268.4 million and operating margin narrowed to 10.3%. Equity method investment earnings rose 72% to $50.4 million, while net interest expense edged down to $91.8 million. CEO John Brase said results were “largely in line with expectations,” profit was ahead of expectations, and the company reaffirmed FY27 guidance.
