CAGConAgra Brands, Inc.

ConAgra Brands, Inc. (NYSE: CAG) | Price: $13.59 | Today's Change: -3.86%

Filed with the SEC on September 30, 2026, this Form 8-K (Items 2.02 and 9.01) contains ConAgra Brands' official earnings results disclosure, with financial data attached as an exhibit under Item 9.01.

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What Happened

ConAgra Brands filed an 8-K with the SEC on September 30, 2026, disclosing its full-year FY2026 financial results under Item 2.02 (Results of Operations and Financial Condition). The company reported net revenues of $12,050,900,000 for FY2026, alongside net income of $888,200,000, operating income of $852,800,000, and diluted earnings per share of $0.72. The filing also references a legacy FY2016 revenue figure of $1,700,000,000, which appears in the XBRL data as a comparative or historical reference point, underscoring just how dramatically the company's scale has shifted over the past decade.

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Why It Matters

• Revenue scale: FY2026 net revenues of $12.05 billion represent the company's current operating footprint — a figure investors will benchmark against prior-year comparables and analyst consensus estimates, neither of which are provided in this filing.
• Earnings power: Diluted EPS of $0.72 and basic EPS of $0.73 give investors a concrete per-share earnings figure for the full fiscal year. With the stock trading at $13.59, that places the trailing price-to-earnings ratio at approximately 18.9x on a diluted basis — a valuation that the market appears to be scrutinizing closely, given today's -3.86% price decline.
• Operating vs. net income gap: Operating income of $852,800,000 came in slightly below the reported net income of $888,200,000 — an unusual relationship that suggests below-the-line items (such as tax benefits, gains, or other non-operating income) contributed positively to the bottom line. Investors should examine the full financial statements for detail on this dynamic.
• Stock reaction: The -3.86% drop on the day of this report indicates the market's initial reaction to the disclosed numbers was negative — whether due to revenue shortfalls versus expectations, margin concerns, or forward guidance (not included in the structured XBRL data provided) is not determinable from this filing alone.

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Analysis

The headline numbers in this filing tell a story of a large, mature consumer packaged goods company generating meaningful earnings, but the market's reaction — a nearly 4% single-day decline — signals that the results may have fallen short of investor expectations on at least one key dimension. The $12.05 billion revenue figure is significant in absolute terms, but revenue growth rate, gross margin trend, and segment-level performance are the metrics that typically drive CPG stock reactions, and none of those details are resolvable from the structured XBRL data alone.

The discrepancy between operating income ($852.8M) and net income ($888.2M) is worth flagging: if below-the-line items are propping up net earnings, that could weigh on forward EPS estimates when those items normalize. Investors and analysts will want to scrutinize the full income statement exhibit filed under Item 9.01.

The juxtaposition of the FY2016 revenue figure ($1.7B) against FY2026's $12.05B is striking — though it is important to note that this comparison likely reflects a significant change in reporting scope, segment consolidation, or acquisitions rather than purely organic growth over ten years. Context from the full filing will be essential.

What to watch next: Management commentary on volume trends, pricing power in a still-uncertain consumer environment, and any updated outlook for FY2027 will be the critical catalysts for near-term price direction.

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Disclaimer

This report is a news and informational summary based solely on data contained in ConAgra Brands' SEC Form 8-K filing dated September 30, 2026, and structured XBRL facts extracted directly therefrom. It does not constitute investment advice, a solicitation to buy or sell any security, or an equity research recommendation of any kind. No buy, hold, or sell rating and no price target are expressed or implied. Investors should review the full SEC filing and consult a qualified financial professional before making any investment decision. Past performance is not indicative of future results.

Source

Filed with the SEC on 2026-09-30. Read the original filing on EDGAR: https://www.sec.gov/Archives/edgar/data/23217/000002321726000052/tmb-20260930x8k.htm