Conagra Brands stock falls 2.12 percent as losses deepen
📉 Conagra Brands stock closed down 2.12% at $14.81 on September 21, 2026, reflecting poor quarterly and annual financial results.
💸 Fiscal 2026 net sales declined to $11.28 billion, representing a $330 million decrease from the prior year.
📉 The company reported an operating loss of $1.66 billion for the quarter ended May 31, 2026, compared to a profit of $321 million last year.
💥 A massive non-cash goodwill and brand impairment charge of $2.00 billion was recorded in the most recent quarter.
📉 Annual net income reversed into a net loss of $1.92 billion attributable to Conagra Brands for fiscal 2026.
📊 The stock trades at a market capitalization of $7.09 billion, sitting closer to its 52-week low than its high.
Risk Factors
- Fiscal 2026 net sales declined by $330 million year-over-year to $11.28 billion, indicating underlying top-line weakness.
- The company recorded a significant operating loss of $1.66 billion for the quarter ended May 31, 2026, down from an operating profit of $321 million in the prior year.
- A massive non-cash goodwill and brand impairment charge of $2.00 billion was recorded in the latest quarter, contributing heavily to reported losses.
- Net income reversed into a net loss of $1.92 billion attributable to Conagra Brands for fiscal 2026 compared to $1.15 billion profit last year.
- The stock price fell 2.12% to close at $14.81, moving closer to the 52-week low of $12.53 than the high of $20.32.
Full Analysis
Conagra Brands stock fell 2.12% to close at $14.81 on the NYSE on September 21, 2026, as the company reported a sharp deterioration in fiscal 2026 profitability. The annual net sales for the year ended May 31, 2026, declined to $11.28 billion from $11.61 billion in the prior year, signaling underlying top-line weakness alongside the stock's decline.
The financial results were heavily impacted by a massive non-cash goodwill and brand impairment charge of $2.00 billion recorded in the quarter ended May 31, 2026. This accounting charge significantly contributed to the reported operating loss of $1.66 billion for the quarter, which contrasts sharply with an operating profit of $321 million a year earlier.
Annually, Conagra Brands swung from a net income of $1.15 billion to a net loss attributable to the company of $1.92 billion. The impairment charge explains much of the reported loss, but the $330 million decline in annual sales indicates that the core business is also facing challenges beyond just accounting adjustments.
Market data shows Conagra trading within its 52-week range of $12.53 to $20.32 with a market capitalization of $7.09 billion. The combination of falling revenue and the substantial impairment charge has created a negative market narrative, pushing shares closer to their yearly low.
