Filing Flows › Conagra Brands (CAG) › Q3 FY26
Conagra Brands (CAG) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Apr 1, 2026
Conagra Brands (CAG) reported revenue of $2.8B for the third quarter fiscal 2026 (Q3 FY26), -2% from a year earlier and -6% from the quarter before. Operating margin was 10.0%, net earnings $200M (7.2% of revenue).
Conagra Brands, Q3 FY26: revenue $2.8B (-2% year over year), operating margin 10.0%, net earnings $200M, operating cash flow $564M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.8B | -6% | -2% |
| Gross profit | $658M | -6% | -7% |
| Operating profit | $280M | — | +17% |
| Net earnings | $200M | — | +38% |
| Operating cash flow | $564M | +168% | -5% |
| Free cash flow | $469M | +238% | -7% |
What changed
Revenue was $2.8B in Q3 FY26, down 2% year over year and down 6% from the previous quarter. Frozen was the largest line at 34% of revenue. Other Shelf-stable lost $0.11B year over year (down 15%), 201% of the total change.
Gross margin was 23.6%, down 1.4 points from Q3 FY25. Operating profit was $0.28B, a 10.0% margin (up 1.6 points year over year). Operating expenses fell 20% while revenue fell 2%. Net earnings were $0.20B, up 38% year over year. The effective tax rate was 13.0%.
Operating cash flow was $0.56B (down 5% year over year), 282% 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 added $0.25B. Capital expenditures of $0.10B left free cash flow of $0.47B.
Questions
What was Conagra Brands' revenue in the third quarter fiscal 2026?
Conagra Brands (CAG) reported revenue of $2.8B for the third quarter fiscal 2026 (Q3 FY26), -2% from a year earlier and -6% from the quarter before.
Was Conagra Brands profitable in the third quarter fiscal 2026?
Operating profit was $280M (10.0% of revenue) and net earnings $200M.
Source: Conagra Brands 10-Q on SEC EDGAR.