Conagra Brands reports Q1 adjusted EPS 39c, consensus 33c

Reports Q1 revenue $2.63B, consensus $2.62B. Sean Connolly, president and chief executive officer of Conagra Brands (CAG), commented, “I am pleased by the solid progress we made in the first quarter with top line improvement and continued strategic execution across our portfolio. We successfully delivered on key supply chain objectives, fully restored service levels, and advanced our portfolio reshaping which enabled us to further reduce net debt. While the operating environment remains dynamic with ongoing inflationary pressure and cautious consumer sentiment, our focus remains on disciplined execution and balanced capital allocation. Today, we are reaffirming our fiscal 2026 guidance.”