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Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
| Analyst | Firm | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Andrew Lazar | Barclays | 11 questions · 27% challenging |
| Chris Carey | Wells Fargo | 10 questions · 20% challenging |
| Max Gumport | BNP Paribas | 9 questions · 22% challenging |
| Peter Galbo | Bank of America | 9 questions · 33% challenging |
| Tom Palmer | JPMorgan | 9 questions · 22% challenging |
| Rob Moskow | TD Cowen | 8 questions · 38% challenging |
| Alexia Howard | Bernstein | 8 questions · 0% challenging |
| Leah Jordan | Goldman Sachs | 7 questions · 0% challenging |
| Scott Marks | Jefferies | 6 questions · 0% challenging |
| Dave Palmer | Evercore ISI | 6 questions · 0% challenging |
| Firm | Analysts | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| JPMorgan | 3 analysts | 13 questions · 23% challenging |
| Barclays | 2 analysts | 12 questions · 25% challenging |
| Bank of America | 3 analysts | 11 questions · 27% challenging |
| Wells Fargo | 1 analyst | 10 questions · 20% challenging |
| BNP Paribas | 1 analyst | 9 questions · 22% challenging |
| Bernstein | 1 analyst | 8 questions · 0% challenging |
| TD Cowen | 1 analyst | 8 questions · 38% challenging |
| Goldman Sachs | 1 analyst | 7 questions · 0% challenging |
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.
What each event means for CAG’s sentiment score is part of Tellvest Pro.
Calendar quarter Q2 2026Earnings call Jul 15, 2026
FY2026 Q4 in brief
Conagra closed fiscal 2026 with net sales up 3.6%, but a large non-cash impairment drove a GAAP operating loss and a net loss of $3.37 per share.
Newest quarter FY2027 Q1 is part of Pro · see what Pro adds →
Sources. Tellvest earnings-call sentiment score for Conagra Brands (CAG), FY2026 Q4: 6/10. Scores: Conagra Brands’s public earnings-call transcripts and SEC-reported results — the base band is anchored to reported GAAP revenue growth; transcript, EPS and guidance adjustments are applied separately (documented exceptions apply to a few issuers). Price: CAG daily closing prices for the trailing year; dots mark earnings calls, colored by that quarter’s score; the newest quarter’s score is part of Tellvest Pro. How to read a company earnings-call score.
Conagra closed fiscal 2026 with net sales up 3.6%, but a large non-cash impairment drove a GAAP operating loss and a net loss of $3.37 per share. New CEO John Brase, roughly six weeks into the role, paired the results with a reset: the board cut the dividend to free up cash for reinvestment and to accelerate deleveraging toward a 3.0 leverage target. Fiscal 2027 guidance calls for organic net sales down about 2% on mid single digit volume declines and an operating margin of 10% to 10.5%, well below the roughly 16% the company earned a few years ago. Management is stepping up brand building by $40 million, a 14% increase, and adding $125 million of capital for supply-chain resilience and in-sourcing, while leaning on above 4% productivity and inflation-justified pricing that lands mid second quarter. Analysts pressed on whether the reinvestment is sufficient and how many more years of volume declines the business can absorb, leaving the credibility of the turnaround plan to be proven at the early 2027 investor day.
Demand | Margin | Pricing | Competitive Dynamics | Cost Pressure | Capital Allocation | Guidance Reliability | Supply Chain | |
|---|---|---|---|---|---|---|---|---|
| 2025Q1 | 5 | 1 | 6 | 9 | 1 | 1 | 1 | 1 |
| 2025Q3 | 4 | 1 | 2 | 4 | 1 | 5 | 3 | |
| 2025Q4 | 4 | 6 | 7 | 1 | 2 | 2 | 2 | |
| 2026Q2 | 7 | 5 | 2 | 3 | 2 | 2 | 2 | 3 |
| 2026Q3 | 3 | 4 | 2 | 1 | 6 | 3 | 1 | 3 |
| 2026Q4 | 3 | 4 | 3 | 2 | 5 | 5 | 2 |
| '25Q1 | '25Q3 | '25Q4 | '26Q2 | '26Q3 | '26Q4 | |
|---|---|---|---|---|---|---|
| Demand | 5 | 4 | 4 | 7 | 3 | 3 |
| Margin | 1 | 1 | 6 | 5 | 4 | 4 |
| Pricing | 6 | 7 | 2 | 2 | 3 | |
| Competitive Dynamics | 9 | 2 | 1 | 3 | 1 | 2 |
| Cost Pressure | 1 | 4 | 2 | 2 | 6 | |
| Capital Allocation | 1 | 1 | 2 | 2 | 3 | 5 |
| Guidance Reliability | 1 | 5 | 2 | 1 | 5 | |
| Supply Chain | 1 | 3 | 2 | 3 | 3 | 2 |
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| 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 Q4Selected | $2.88B | +3.6% | $-3.37 | -735.8% | 24.3% | -91.2% | -56.1% | $397M |
| FY2027 Q1 | $2.60B | -1.4% | $0.36 | +5.9% | 23.8% | 11.5% | 6.7% | $-128M |
| Year | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin |
|---|
GAAP revenue YoY +3.61% → base 6. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.
| 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 |
| FY2026Selected | $11.28B | -2.9% | $-4.00 | -267.4% | 23.9% | -14.4% | -17.0% | $979M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
CAG Conagra Brands | 6 | +3.6% | |
| CPB Campbell Soup Company | 1 | -4.4% | |
| GIS General Mills | 6 | +1.2% | |
| HRL Hormel Foods | 6 | +2.5% | |
| KHC Kraft Heinz | 4 | -1.4% | |
| MKC McCormick & Company | 6 | +16.7% | |
| SJM J.M. Smucker Company (The) | 8 | +5.8% |