Conagra takes $2B impairment, slashes dividend 50%, guides FY2027 sales down 1-3%

Filed July 15, 2026 · Period ending July 15, 2026 · ~1 min read

Key Changes

• high

  Recorded $2.0B non-cash goodwill and brand impairment charges in Q4, triggered by sustained decline in share price and market cap, resulting in reported diluted loss of $3.37/share (adjusted EPS $0.47).

  Exhibit 99.1 view on EDGAR →
• high

  Board cut quarterly dividend 50% to $0.175/share ($0.70 annualized, down from $1.40), payable Sept 2 to shareholders of record July 30, to enhance financial flexibility for margin stabilization and brand investment.

  Exhibit 99.1 view on EDGAR →
• high

  Guided FY2027 organic sales down 1-3%, adjusted operating margin 10.0-10.5%, and adjusted EPS $1.40-$1.50, reflecting ongoing operating challenges and focus on margin stabilization.

  Exhibit 99.1 view on EDGAR →