Skip to content
OpenCapital
Get started

Conagra Brands CAG Q2 2026 earnings

Reported December 19, 2025 · Before market open

Revenue$3.0BIn lineDiluted EPS$0.45Beat by $0.01
Revenue estimate$3.0B
EPS estimate$0.44

Next report

Jul 15, 2026 (In 3 weeks)
Revenue estimate$2.9B
EPS estimate$0.46

Financials

Q2 2026

Income statement

See full
Revenue$3.0B-6.8%
Gross profit$696.0M-17.8%
Operating income-$597.6M-248%
Net income-$663.6M-333%
EPS (diluted)-$1.39-336%

Balance sheet

See full
Cash & equivalents$46.6M+24.6%
Total debt$388.0M-67.5%
Total assets$19.5B-7.0%

Cash flow

See full
Operating cash flow$210.6M-56.6%
CapEx$71.8M-12.9%
Free cash flow$138.8M-65.6%

Valuation & ratios

Q2 2026

Valuation

See full
Market cap$8.54B-35.1%
Enterprise value$8.88B-37.9%
P/S0.8×-0.3×

Profitability

See full
Gross margin24.5%-2.7pp
Operating margin2.8%-7.6pp
Net margin-0.9%—
FCF margin7.8%-5.0pp

Returns & leverage

See full
Current ratio0.9×+0.2×

Segments

By segment

See full
Refrigerated And Frozen$1.3B-6.5%
Grocery And Snacks$1.2B-8.5%
Foodservice$288.4M-1.3%
International$230.4M-5.3%

By product

See full
Frozen$1.1B-7.5%
Other Shelf Stable$625.2M-16.8%
Snacks$583.9M+2.4%
Refrigerated$196.0M-1.2%

Versus estimates

Revenue

Q3 2026$2.8BBeat by $25.4M
Q2 2026$3.0BIn line
Q1 2026$2.6BBeat by $14.2MQ4 2025$2.8BMiss by $52.3MQ3 2025$2.8BMiss by $55.0MQ2 2025$3.2BBeat by $45.9M

Diluted EPS

Q3 2026$0.39Miss by $0.01
Q2 2026$0.45Beat by $0.01
Q1 2026$0.39Beat by $0.06Q4 2025$0.56Miss by $0.02Q3 2025$0.51Miss by $0.01Q2 2025$0.70Beat by $0.02

Ask the moment Conagra Brands reports.

Connect your AI and ask the moment the filing drops. It reads the release, surfaces what management said, and gives you its own read.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

When did Conagra Brands report Q2 2026 earnings?
Conagra Brands (CAG) reported Q2 2026 earnings on December 19, 2025 before market open.
What were Conagra Brands's Q2 2026 revenue and EPS?
Conagra Brands reported revenue of $3.0B and diluted EPS of $0.45 for Q2 2026.
Did Conagra Brands beat estimates in Q2 2026?
Revenue missed the consensus estimate of $3.0B by $412.6K. EPS beat the consensus estimate of $0.44 by $0.01.
How did Conagra Brands's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 6.8% from $3.2B a year earlier and diluted EPS declined 35.7% from $0.70.
Where can I find Conagra Brands's Q2 2026 SEC filings?
You can read the 8-K earnings release (0000023217-25-000094) and the 10-Q periodic report (0001104659-25-123200) directly on SEC EDGAR. The filing index links above go to sec.gov.