Conagra Brands Reaffirms FY26 Guidance, Raises Free Cash Flow Conversion Outlook to 100%

summarizeSummary

Conagra Brands reaffirmed its fiscal 2026 financial guidance and raised its full-year free cash flow conversion outlook to approximately 100% from 90%.

check_boxKey Events

• Reaffirms Fiscal 2026 Guidance

  Conagra Brands reaffirmed its previously issued guidance for fiscal year ending May 31, 2026, including organic net sales change of (1)% to 1%, adjusted operating margin between ~11.0% and ~11.5%, and adjusted EPS between $1.70 and $1.85.

• Raises Free Cash Flow Conversion Outlook

  The company now expects free cash flow conversion to be approximately 100% for the full year, an increase from its previous expectation of approximately 90%.

• Ahead of CAGNY Presentation

  This guidance update was provided ahead of the company's presentation at the 2026 Consumer Analyst Group of New York (CAGNY) conference on February 17, 2026.

auto_awesomeAnalysis

Conagra Brands reaffirmed its fiscal year 2026 guidance for organic net sales, adjusted operating margin, and adjusted EPS. The most notable update is the increase in the free cash flow conversion expectation to approximately 100% for the full year, up from the previous 90%. This positive revision to a key liquidity metric suggests improved operational efficiency and cash generation, which is a favorable signal to investors, especially ahead of the company's presentation at the CAGNY conference.