Conagra Brands reported results for the second quarter of fiscal year 2026.
Reported net sales decreased 6.8%; organic net sales decreased 3.0%.
Reported operating margin was (20.1)%; adjusted operating margin was 11.3%.
Reported Net Sales
Decreased by 6.8%; organic net sales decreased by 3.0%.
Operating Margin
Reported margin was (20.1)%; adjusted margin was 11.3%.
Earnings Per Share
Reported diluted loss per share was $1.39; adjusted EPS were $0.45.
2026 Guidance
Reaffirming fiscal 2026 guidance for organic net sales, adjusted operating margin, and EPS.
- Conagra Brands faced a challenging consumer environment in the second quarter.
- The company reported a decrease in net sales impacted by various factors including M&A, organic net sales, and foreign exchange effects.
Conagra Brands remains confident in its path forward for the fiscal year despite challenges in the market.