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Compared to Estimates, Conagra Brands (CAG) Q1 Earnings: A Look at Key Metrics

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Conagra Brands (CAG - Free Report) reported $2.6 billion in revenue for the quarter ended August 2026, representing a year-over-year decline of 1.4%. EPS of $0.41 for the same period compares to $0.39 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $2.59 billion, representing a surprise of +0.04%. The company delivered an EPS surprise of +32.26%, with the consensus EPS estimate being $0.31.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Conagra Brands performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Net Sales growth - Grocery & Snacks: -2.6% versus the three-analyst average estimate of -1.2%.
  • Net Sales growth - Refrigerated & Frozen: -2.1% versus the three-analyst average estimate of -2.2%.
  • Price/Mix - Foodservice: 0.8% versus the three-analyst average estimate of 3.2%.
  • Volume (Organic) - Foodservice: 2.5% compared to the -2.7% average estimate based on three analysts.
  • Price/Mix - International: 1.6% versus the three-analyst average estimate of 0.6%.
  • Volume (Organic) - International: -0.7% versus the three-analyst average estimate of -2.4%.
  • Net Sales growth - International: 2.7% compared to the -0.9% average estimate based on three analysts.
  • Net Sales growth - Foodservice: 3.2% versus 0.6% estimated by three analysts on average.
  • Sales- Grocery & Snacks: $1.05 billion versus $1.07 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -2.6% change.
  • Sales- Foodservice: $272.9 million versus the three-analyst average estimate of $266.16 million. The reported number represents a year-over-year change of +3.2%.
  • Sales- International: $218.1 million versus the three-analyst average estimate of $210.39 million. The reported number represents a year-over-year change of +2.7%.
  • Sales- Refrigerated & Frozen: $1.05 billion versus $1.05 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -2.1% change.

View all Key Company Metrics for Conagra Brands here>>>

Shares of Conagra Brands have returned -12.3% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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