Filing Flows › Conagra Brands (CAG) › Q1 FY26
Conagra Brands (CAG) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Oct 1, 2025
Conagra Brands (CAG) reported revenue of $2.6B for the first quarter fiscal 2026 (Q1 FY26), -6% from a year earlier and -5% from the quarter before. Operating margin was 13.2%, net earnings $164M (6.2% of revenue).
Conagra Brands, Q1 FY26: revenue $2.6B (-6% year over year), operating margin 13.2%, net earnings $164M, operating cash flow $121M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.6B | -5% | -6% |
| Gross profit | $641M | -9% | -13% |
| Operating profit | $347M | 105× | -13% |
| Net earnings | $164M | -36% | -65% |
| Operating cash flow | $121M | -65% | -55% |
What changed
Revenue was $2.6B in Q1 FY26, down 6% year over year and down 5% from the previous quarter. Frozen was the largest line at 34% of revenue. Other Shelf-stable lost $0.12B year over year (down 18%), 75% of the total change.
Gross margin was 24.3%, down 2.1 points from a year earlier. Operating profit was $0.35B, a 13.2% margin (down 1.2 points year over year). Operating expenses fell 13% while revenue fell 6%. Net earnings were $0.16B, down 65% year over year. The effective tax rate was 43.1%.
Operating cash flow was $0.12B (down 55% year over year), 73% of net earnings. Non-cash charges added back $0.10B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.16B. Capital expenditures of $0.15B exceeded it, leaving free cash flow of −$0.03B.
Questions
What was Conagra Brands' revenue in the first quarter fiscal 2026?
Conagra Brands (CAG) reported revenue of $2.6B for the first quarter fiscal 2026 (Q1 FY26), -6% from a year earlier and -5% from the quarter before.
Was Conagra Brands profitable in the first quarter fiscal 2026?
Operating profit was $347M (13.2% of revenue) and net earnings $164M.
Source: Conagra Brands 10-Q on SEC EDGAR.