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Sentiment · FY2026 Q4
As of FY2026 Q3, the Tellvest earnings-call sentiment score for Conagra Brands (CAG) is 5/10.
Conagra's FY2026-Q3 marked the return to positive organic net sales growth as frozen share recovery neared completion with 88% of the business holding or gaining share and R&F volumes up 3.9%. Operating margin is now expected at the high end of the guided range, supported by productivity exceeding 5% and inflation tracking as expected. Free cash flow conversion was raised to 105% from 100%, driven by inventory reduction and cash tax efficiency. War-driven macro uncertainty clouds the forward outlook, with animal protein coverage at only about 15% for next fiscal year and a tariff mitigation wrap headwind of $40-80 million expected.
Scored from Conagra Brands’s FY2026 Q3 earnings call. The newest quarter is available with Tellvest Pro.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2025 Q1 | $2.79B | -3.8% | $0.97 | +44.8% | 26.5% | 14.4% | 16.7% | $136M |
| FY2025 Q2 | $3.20B | -0.4% | $0.59 | -1.7% | 26.5% | 12.6% | 8.9% | $403M |
| FY2025 Q3 | $2.84B | -6.3% | $0.30 | -53.1% | 25.0% | 9.4% | 5.1% | $503M |
| FY2025 Q4 | $2.78B | -4.3% | $0.53 | +144.9% | 25.4% | 13.5% | 9.2% | $261M |
| FY2026 Q1 | $2.63B | -5.8% | $0.34 | -64.9% | 24.3% | 13.2% | 6.2% | $-26M |
| FY2026 Q2 | $2.98B | -6.8% | $-1.39 | -335.6% | 23.4% | 12.5% | -22.3% | $139M |
| FY2026 Q3 | $2.79B | -1.9% | $0.42 | +40.0% | 23.6% | 10.0% | 7.2% | $469M |
| FY2026 Q4 | $2.88B | +3.6% | $-3.37 | -735.8% | 24.3% | -91.2% | -56.1% | $397M |
| Year | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2023 | $12.28B | +6.4% | $1.42 | -22.8% | 26.6% | 8.8% | 5.6% | $633M |
| FY2024 | $12.05B | -1.8% | $0.73 | -48.6% | 27.7% | 7.1% | 2.9% | $1.63B |
| FY2025 | $11.61B | -3.6% | $2.39 | +227.4% | 25.9% | 12.4% | 9.9% |
| $1.30B |
| FY2026 | $11.28B | -2.9% | $-4.00 | -267.4% | 23.9% | -14.4% | -17.0% | $979M |
On July 24, 2026, Thomas McGough, Executive Vice President and Chief Operating Officer, notified Conagra Brands of his decision to retire from the company no later than September 4, 2026. The company will eliminate the chief operating officer position upon Mr. McGough's retirement.