---
schema_version: "secwatch.filing_event.v1"
accession: "0000023217-26-000010"
form_type: "8-K"
ticker: "CAG"
cik: "0000023217"
company_name: "CONAGRA BRANDS INC."
filed_at: "2026-04-01T23:59:59+00:00"
generated_at: "2026-05-15T08:03:28.935492+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Conagra Q3 organic sales +2.4% but adjusted EPS -23.5%; narrows FY guidance to low end

## Summary
- Reported net sales $2.8B (-1.9% YoY); organic net sales +2.4% (price/mix +1.9%, volume +0.5%).
- Reported diluted EPS $0.42 (+40.0%); adjusted diluted EPS $0.39 (-23.5%) on lower adjusted gross profit.
- Refrigerated & Frozen organic sales +3.6% on volume recovery; Grocery & Snacks organic +1.8% on pricing.
- FY2026 guidance narrowed: adj. EPS ~$1.70 (low end of $1.70-$1.85); organic sales near midpoint of -1% to 1% range.
- Net debt reduced to $7.3B (-$818M YoY); net leverage 3.83x; free cash flow $581M, down $461M.

## SEC filing metadata
- accession: 0000023217-26-000010
- form_type: 8-K
- ticker: CAG
- cik: 0000023217
- company_name: CONAGRA BRANDS INC.
- filed_at: 2026-04-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/23217/000002321726000010/0000023217-26-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/23217/000002321726000010/tmb-20260401x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000023217-26-000010
- JSON: https://secwatch.observer/filing/0000023217-26-000010.json
- Plain text: https://secwatch.observer/filing/0000023217-26-000010.txt

## Key facts
- Earnings Releases
  CONAGRA BRANDS INC. reported third quarter of fiscal year 2026, which ended on February 22, 2026 results: revenue $2.8 billion, net income $200 million, EPS $0.42 per diluted share.
  - Period: third quarter of fiscal year 2026, which ended on February 22, 2026
  - Revenue: $2.8 billion
  - Net income: $200 million
  - EPS: $0.42 per diluted share
  - Result: reported results
  source text: in our fiscal year, today we are narrowing our fiscal 2026 guidance within our original range.” ​ Total Company Third Quarter Results In the quarter, net sales decreased 1.9% to $2.8 billion, reflecting: ● a 4.8% decrease from the impact of M&A, ● a 2.4% increase in organic net sales, and ● a 0.5% increase from the favorable impact of foreign exchange. ​ The 2.4%
  evidence_url: https://www.sec.gov/Archives/edgar/data/23217/000002321726000010/0000023217-26-000010-index.htm
- Earnings Releases
  CONAGRA BRANDS INC. reported fiscal 2026 results: EPS approximately $1.70.
  - Period: fiscal 2026
  - EPS: approximately $1.70
  - Result: guidance update
  source text: The company is narrowing its fiscal 2026 guidance, reflecting: ● Organic net sales change near the midpoint of its (1)% to 1% range, as compared to fiscal 2025 ● Adjusted operating margin near the high end of its ~11.0% to ~11.5% range ● Adjusted EPS of approximately $1.70, at the low end of its $1.70 to $1.85 range
  evidence_url: https://www.sec.gov/Archives/edgar/data/23217/000002321726000010/0000023217-26-000010-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.