Conagra Brands Inc. (NYSE:CAG) on Wednesday posted first-quarter fiscal 2026 results that topped Wall Street expectations but showed year-over-year declines.
Conagra Brands has a diverse portfolio of popular food products, including frozen meals, snacks, and pantry staples. Some of their most recognized brands are Birds Eye, Healthy Choice, Marie Callender’s, Reddi-wip, Slim Jim, and Hunt’s.
The company reported net sales of $2.63 billion, down 5.8% from the prior-year period, while adjusted earnings per share of 39 cents fell 26.4%.
Wall Street analysts had expected net sales of $2.62 billion and earnings of 33 cents per share.
The decline in net sales reflected a 5.1% drag from mergers and acquisitions, a 0.6% drop in organic sales, and a minor 0.1% foreign exchange impact.
Within organic sales, a 0.6% price/mix benefit, helped by favorable trade expense timing and …