Packaged foods company Conagra Brands (NYSE: CAG) will be announcing earnings results tomorrow before market open. Here’s what to look for.
Conagra met analysts’ revenue expectations last quarter, reporting revenues of $2.98 billion, down 6.8% year on year. It was a satisfactory quarter for the company, with a decent beat of analysts’ gross margin estimates but revenue in line with analysts’ estimates.
Is Conagra a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Conagra’s revenue to decline 2.9% year on year, improving from the 6.3% decrease it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Conagra has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Conagra’s peers in the consumer staples segment, only General Mills has reported results so far. It met analysts’ revenue estimates, posting year-on-year sales declines of 8.4%. The stock was down 3.2% on the results.
Read our full analysis of General Mills’s earnings results here.The market narrative shifted from AI-driven sector rotation in late 2025 to geopolitical shock as the US-Iran conflict dominated early 2026. While some of the consumer staples stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 9.7% on average over the last month. Conagra is down 17.6% during the same time and is heading into earnings with an average analyst price target of $18.16 (compared to the current share price of $15.80).
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