CONAGRA BRANDS INC. 8K

Conagra Brands reported Q4 and FY 2026 results marked by large non-cash impairment-driven losses, reduced its dividend, and issued weaker fiscal 2027 guidance under its new CEO.

Conagra Brands, Inc. reported its fourth quarter and full fiscal year 2026 results, showing modest Q4 net sales growth but a full-year net sales decline, and recorded approximately $2.9 billion of non-cash goodwill and brand impairment charges that drove the company to a GAAP net loss of $1.6 billion for Q4 and $1.9 billion for the year, while adjusted earnings remained positive. The company highlighted margin pressure from cost inflation and unfavorable operating leverage, segment-level softness particularly in Refrigerated & Frozen and International, and a 11.9% year-over-year reduction in net debt to $7.1 billion. New CEO John Brase outlined priorities to restore margins and simplify operations, and, with Board approval, the company reduced its dividend to an annualized rate of $0.70 per share, declaring a quarterly dividend of $0.175 per share payable on September 2, 2026, while also issuing fiscal 2027 guidance that anticipates a low single-digit organic net sales decline, adjusted operating margin of 10.0%–10.5%, and adjusted EPS of $1.40–$1.50.

Filing Facts

CIK

23217

Ticker

-

Form

8K

Source Type

sec

Accession

0000023217-26-000022

Alert Tier

7