Conagra Brands Reports Second Quarter Fiscal 2026 Financial Results

Conagra Brands, Inc. announced its financial results for the second quarter of fiscal year 2026, ending November 23, 2025. The company reported a decrease in net sales by 6.8% and organic net sales by 3.0%. The reported operating margin was negative 20.1%, while the adjusted operating margin was 11.3%. Conagra Brands reported a diluted loss per share of $1.39, attributed mainly to non-cash goodwill and brand impairment charges, with adjusted earnings per share (EPS) at $0.45. The company is reaffirming its fiscal year 2026 guidance, projecting organic net sales to change between -1% and 1%, an adjusted operating margin of 11.0% to 11.5%, and adjusted EPS between $1.70 and $1.85. The company experienced a decrease in net sales across most segments, including Grocery & Snacks, Refrigerated & Frozen, and International, while the Foodservice segment saw a slight organic net sales increase. Significant goodwill and brand impairment charges of $968 million were recorded, primarily impacting the Refrigerated & Frozen segment. Despite challenges, Conagra Brands anticipates returning to organic net sales growth in the second half of the fiscal year, supported by innovation and increased marketing investments.