Quarterly ResultJul 15, 2026, 07:41 AM
Conagra Brands Q4 Diluted Loss $3.37/share; Cuts Dividend to $0.70 Annually
AI Summary
Conagra Brands reported a diluted loss of $3.37 per share for Q4 fiscal 2026 and $4.00 for the full fiscal year, primarily due to $2.0 billion in non-cash goodwill and brand impairment charges. Adjusted EPS for Q4 was $0.47 and $1.72 for the full year. The company announced a reduction in its annualized dividend to $0.70 per share and provided fiscal 2027 guidance with organic net sales expected to decrease by 1-3% and adjusted EPS between $1.40 and $1.50.
Key Highlights
- Q4 diluted loss per share was $3.37, primarily due to non-cash impairment charges.
- Full-year diluted loss per share was $4.00, driven by impairment charges.
- Annualized dividend reduced to $0.70 per share from $1.40 previously.
- Q4 reported net sales increased 3.6% to $2.9 billion; organic net sales were flat.
- Full-year reported net sales decreased 2.9% to $11.3 billion; organic net sales down 0.4%.
- Incurred $2.0 billion in non-cash goodwill and brand impairment charges in Q4.
- Fiscal 2027 guidance: organic net sales change of (3)% to (1)%.
- Fiscal 2027 guidance: adjusted EPS between $1.40 and $1.50.
Price Impact
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