Conagra Brands (NYSE:CAG) reported a FY26 GAAP loss of $1.92B after $2.93B impairments and sliding sales, cut its dividend and set FY27 adj. EPS guidance of $1.40–1.50 as new CEO John Brase unveils a turnaround plan while UBS raises its price target to $14.
Previous Week Recap
- Conagra FY26 Loss, Sales Decline, Dividend Cut, FY27 Guidance: Conagra (CAG) FY26 GAAP loss $1.92B after $2.93B impairments; sales $11.28B (-2.9%). Q4 sales $2.88B; adj. FY EPS $1.72. Dividend cut to $0.70. FY27 adj. EPS guidance $1.40–1.50.
- Conagra Names John Brase CEO, Turnaround Plan: Conagra Brands named John Brase CEO and unveiled a turnaround: $40M for brand support, focus on frozen meals and meat snacks, portfolio simplification and pruning unprofitable SKUs.
- UBS Lifts Conagra Price Target: UBS raised its price target for Conagra Brands (CAG) to $14.00 per share, up from $13.00 per share.
- Conagra Files 8-K On Q4 Results: Conagra Brands (CAG) filed an 8-K on July 15, 2026, disclosing its fiscal 2026 fourth-quarter results via a press release (Exhibit 99.1); the info isn’t filed or incorporated into other SEC filings.
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