Filing Flows › Conagra Brands (CAG) › Q1 FY27
Conagra Brands (CAG) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Sep 30, 2026
Conagra Brands (CAG) reported revenue of $2.6B for the first quarter fiscal 2027 (Q1 FY27), -1% from a year earlier and -10% from the quarter before. Operating margin was 10.3%, net earnings $174M (6.7% of revenue).
Conagra Brands, Q1 FY27: revenue $2.6B (-1% year over year), operating margin 10.3%, net earnings $174M, operating cash flow −$4.2M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.6B | -10% | -1% |
| Gross profit | $619M | -12% | -3% |
| Operating profit | $268M | — | -23% |
| Net earnings | $174M | — | +6% |
| Operating cash flow | −$4.2M | -101% | -103% |
What changed
Revenue was $2.6B in Q1 FY27, down 1% year over year and down 10% from the previous quarter. Frozen was the largest line at 34% of revenue. Frozen lost $0.02B year over year (down 2%), 57% of the total change.
Gross margin was 23.8%, down 0.5 points from Q1 FY26. Operating profit was $0.27B, a 10.3% margin (down 2.9 points year over year). Operating expenses grew 19% against a revenue fall of 1%. Net earnings were $0.17B, up 6% year over year. The effective tax rate was 25.2%.
Operating cash flow was −$4.2M. Non-cash charges added back $0.10B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.29B. Capital expenditures of $0.12B exceeded it, leaving free cash flow of −$0.13B.
Questions
What was Conagra Brands' revenue in the first quarter fiscal 2027?
Conagra Brands (CAG) reported revenue of $2.6B for the first quarter fiscal 2027 (Q1 FY27), -1% from a year earlier and -10% from the quarter before.
Was Conagra Brands profitable in the first quarter fiscal 2027?
Operating profit was $268M (10.3% of revenue) and net earnings $174M.
Source: Conagra Brands 10-Q on SEC EDGAR.