Congra reaffirm expectations even with the addition of definitions to inflation

Congrara Brands Inc. (NYSE:Cag(On Wednesday published The first quarter The financial results of the year 2026, which topped Wall Street’s expectations, but showed declines on an annual basis.

The Congrara Brands has a variety of famous food products, including frozen meals, snacks and basic tanks. Some of the most famous brands are bird eye, healthy selection, Mary Calnder, Reddi-Wip, Slim Jim, and Hunt’s.

The company announced net sales of 2.63 billion dollars, a decrease of 5.8 % from the previous year period, while the amending profits per share decreased by 39 cents by 26.4 %.

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Wall Street expected Net sales of $ 2.62 billion and profits of 33 cents per share.

The decrease in net sales of clouds by 5.1 % of mergers and acquisitions, a 0.6 % decrease in organic sales, and the effect of foreign exchange of 0.1 %.

Within organic sales, the interest was compensated by 0.6 %/mixture, with the help of favorable commercial expenses and product mixture, more than 1.2 % decrease.

Congrara has reported the equivalent of money and cash amounting to $ 698.1 million at the end of the first quarter of the fiscal year 2026.

Sean ConoliThe President and CEO of the Conagra Brands company commented, “We have succeeded in handing it over to the main supply chain goals, and the levels of service that were fully restored, and we provided the reshaping of our portfolio, which enabled us to increase the net debt.”

View more profits on Cag

“While the operating environment remains dynamic with continuous inflationary pressure and cautious consumer feeling, our focus remains on disciplined implementation and allocating balanced capital. Today, we re -direct our financial guidelines 2026,” he added.

The results of the sector highlighted vulnerability on a large scale. Grocery revenues and snacks decreased by 8.7 % to $ 1.1 billion, including a 1.0 % decrease in net organic sales, as the price/mixture earning was compensated by 0.6 % by more than a decrease in size by 1.6 %.

The refrigerated sales and freezing decreased by 0.9 % to $ 1.1 billion. However, net organic sales increased by 0.2 %, which reflects 0.5 % in size, compared to a decrease of 0.3 % in the price/mix, with the help of easier comparisons than national supply restrictions last year.

The revenues of the international sector decreased by 18 % to 212 million dollars, as net organic sales decreased by 3.5 %, as the price/mix increased by 1.7 % was compensated by a decrease of 5.2 %.

Food services sales decreased by 0.8 % to 264 million dollars, while net organic sales increased by 0.2 %, driven by an increase of a price/mix by 3.8 %, which was compensated primarily by a decrease of 3.6 % in size.

In the fiscal year 2026, the company Re -confirmation directingDropping the growth of net organic sales between -1 % and 1 %, modified operating margin by 11.0 % -11.5 %, and modified EPS from $ 1.70 -1.85 dollars. Interest expenses are expected to reach about $ 390 million, with a modified tax rate of about 24 %.

Expectations include persistent cost inflation, with a slightly higher essential enlargement and definitions that add about 3 % annually to the cost of sold goods, causing total inflation to a low range by 7 %.

Customs tariff assumptions include a 50 % duty on steel steel and imported aluminum, 30 % on selected imports from China, and additional rates for the country.

The company plans to compensate for these pressures by saving costs, alternative sources, and targeted pricing.

PriceCAG shares were traded by 3.56 % to $ 18.96 in the last selection on Wednesday.

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Photography by Jonathan Weiss via Shutterstock

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