Conagra Brands (NYSE:CAG) shares fell 3.2% in premarket trading after the packaged food company issued a weaker-than-expected earnings outlook for fiscal 2027, overshadowing fourth-quarter results that narrowly exceeded Wall Street forecasts.
For the quarter ended 31 May 2026, Conagra reported adjusted earnings per share of 0.47 dollars, slightly above ****** ysts' consensus estimate of 0.46 dollars.
Revenue increased 3.6% year on year to 2.9 billion dollars, marginally ahead of the expected 2.89 billion dollars.
Organic net sales were broadly unchanged, as a 1.6% improvement from pricing and product mix was offset by a 1.6% decline in sales volumes.
Investor sentiment weakened after Conagra forecast adjusted earnings per share of between 1.40 and 1.50 dollars for fiscal 2027.
For the quarter ended 31 May 2026, Conagra reported adjusted earnings per share of 0.47 dollars, slightly above ****** ysts' consensus estimate of 0.46 dollars.
Revenue increased 3.6% year on year to 2.9 billion dollars, marginally ahead of the expected 2.89 billion dollars.
Organic net sales were broadly unchanged, as a 1.6% improvement from pricing and product mix was offset by a 1.6% decline in sales volumes.
Investor sentiment weakened after Conagra forecast adjusted earnings per share of between 1.40 and 1.50 dollars for fiscal 2027.
2 months ago
