secwatch.observer — SEC 8-K summary
======================================

Issuer:     CONAGRA BRANDS INC. (CAG)
CIK:        0000023217
Form:       8-K
Filed at:   2026-07-15T11:33:06+00:00
Accession:  0000023217-26-000022
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Conagra Q4 loss $3.37 on $2B impairment; cuts dividend to $0.70/yr; guides FY2027 EPS $1.40-$1.50
--------------------------------------------------------------------------------

- Q4 reported net sales $2.9B (+3.6% YoY); organic net sales flat; reported diluted loss per share $3.37 due to $2.0B non-cash goodwill and brand impairment charges.
- Full year fiscal 2026: net sales $11.3B (-2.9%); reported diluted loss per share $4.00; adjusted EPS $1.72.
- Dividend cut: quarterly dividend reduced to $0.175/share from $0.35, annualized rate $0.70; payable Sept 2, 2026 to holders of record July 30.
- Fiscal 2027 guidance: organic net sales change (3)% to (1)%; adjusted operating margin 10.0%-10.5%; adjusted EPS $1.40-$1.50; net leverage target ~4.0x.
- Net debt $7.1B, net leverage 3.83x at year end; free cash flow $979M vs $1.3B prior year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/23217/000002321726000022/0000023217-26-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23217/000002321726000022/tmb-20260715x8k.htm
  HTML page:      https://secwatch.observer/filing/0000023217-26-000022

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer