Conagra Brands, Inc. · CAG · Next earnings

Conagra Brands, Inc. reports Friday, Dec 18, 2026

CAG reports before market open with consensus EPS at $0.34 and revenue at $2.92B. Last quarter: Conagra maintains outlook while increasing brand investment and simplifying SKUs

Reports Before market open43 days awayDate estimated Consumer Defensive

What the street expects

Consensus for the coming report
Consensus EPS $0.34 Calendar consensus
Consensus revenue $2.92B Calendar consensus
Report date Dec 18, 2026 Friday, date estimated
Session Before market open 43 days away

Where CAG left off: FY2027 Q1

Full report

Conagra maintains outlook while increasing brand investment and simplifying SKUs

EPS surprise +44.4% Reported $0.41 vs $0.28
Revenue surprise +0.4% Reported $2.60B vs $2.59B
Stock move -4.9% Event window
Subsequent drift 0.0% Up to 20 sessions

Maintained: Q2 organic sales are expected to decline 2%, consistent with prior guidance; FY27 inflation is projected at 5%-6%, with greater pressure in Q2 and Q3.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Inflation, transportation and logistics costs could pressure margins.
  • Commodity volatility, including wheat, could affect Ardent Mills.
  • Volume declines in frozen and refrigerated products remain a risk.
  • Execution of SKU rationalization and increased A&P spending may not deliver expected benefits.
  • Higher gas prices could affect convenience-channel sales.

Questions analysts left open

  • Inflation and transportation costs could pressure margins.
  • Price elasticity and consumer acceptance remain important assumptions.
  • Execution of SKU simplification and higher A&P spending must be demonstrated.
  • Leverage reduction and debt repayment timing remain key constraints.

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Recent CAG quarters

All CAG earnings
-4.9%FY2027 Q1-0.4%FY2026 Q4-1.3%FY2026 Q3-2.5%FY2026 Q2

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2027 Q1

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.