Conagra Brands Reaffirms FY26 Guidance, Raises Free Cash Flow Conversion Outlook to 100%
CAG sits 24% above its 52-week low of $15.96.
Summary
Conagra Brands reaffirmed its fiscal 2026 financial guidance and raised its full-year free cash flow conversion outlook to approximately 100% from 90%.
Key Events · Earnings and Guidance · CAG
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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.
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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%.
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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.
Analysis · CAG · Manufacturing
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.
At the time of this filing, CAG was trading at $19.75 on NYSE in the Manufacturing sector, with a market capitalization of approximately $9.5B. The 52-week trading range was $15.96 to $28.52. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.