Conagra Brands Inc (0I2P.L) Q1 2026 Earnings Report

Conagra Brands reported QQ1 2026 revenue of $2.6326 billion, down 5.81% year-over-year and 5.36% quarter-over-quarter, with gross profit of $640.6 million and a gross margin of 24.33%. Operating income stood at $347.4 million (operating margin 13.20%), while net income was $164.5 million for the quarter (net margin 6.25%) and basic earnings per share of $0.34. The results reflect a challenging demand/mix backdrop and ongoing input-cost pressures, contributing to a meaningful YoY and QoQ decline in profitability metrics. Notwithstanding, Conagra generated operating cash flow of $120.6 million and ended the quarter with a solid cash balance of $698.1 million and net debt of $359.1 million, underscoring a solid liquidity position.