Conagra Brands, Inc. (CAG) is predicted to report a decline in both revenue and earnings for Q2 fiscal 2026 on December 19. The Zacks Consensus Estimate for revenue stands at approximately $3 billion, representing a 6.2% decrease from the previous year. The earnings per share estimate is 44 cents, reflecting a substantial 37.1% drop from the same quarter last year.
Factors impacting the projected results include ongoing cost pressures from input inflation, particularly in protein and packaging, and a forecasted decline in sales volume by 1.3%. The adjusted gross margin is expected to contract by 330 basis points to 23.1%. Conagra has indicated that its focus on value-oriented products stems from changing consumer behavior, particularly among lower-income households amid continued inflationary pressures.
