Conagra Brands Stock Surges 5% Despite Q1 Sales Drop

Conagra Brands Stock Surges 5% Despite Q1 Sales Drop

Conagra Brands' share price surged over 5% following the release of its fiscal first quarter 2026 results, outpacing the S&P 500's modest 0.3% increase. The company maintained its full-year guidance despite a decline in adjusted net income and sales.

Conagra Brands' fiscal first quarter of 2026 saw a decrease in net sales, dropping by nearly 6% year over year to $2.63 billion. Despite this, sales slightly exceeded analyst estimates. The company's non-GAAP adjusted net income also fell by 25% to $189 million ($0.39 per share). However, the per-share figure surpassed analyst projections.

In June 2026, Conagra Brands sold several brands to different companies. Post Holdings acquired the Chef Boyardee canned pasta brand and the Van de Kamp's and Mrs. Paul's prepared comestibles. Meanwhile, Hometown Food took over the Chef Boyardee canned pasta line, and High Liner Foods acquired the Van de Kamp's and Mrs. Paul's brands.

Conagra Brands' share price rose significantly following its fiscal first quarter 2026 results, despite declines in adjusted net income and sales. The company maintained its full-year guidance and completed several brand sales in June 2026.

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