While reporting financial results for the first quarter on Wednesday, branded food company Conagra Brands, Inc. (CAG) reaffirmed its adjusted earnings and organic net sales growth guidance for the full-year 2026.
For fiscal 2026, the company continues to project adjusted earnings in the range of $1.70 to $1.85 per share on organic net sales between a decline of 1.0 percent and a growth of 1 percent.
On average, analysts polled expect the company to report earnings of $1.78 per share on a revenue decline of 2.78 percent to $11.29 billion for the year. Analysts' estimates typically exclude special items.
The company the company expects cost of goods sold inflation to continue at an elevated level in fiscal 2026. Guidance anticipates core inflation slightly higher than 4%. In addition, the company expects an impact to fiscal 2026 from previously announced U.S. tariffs.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.