John Brase, who took over the company in June, is plotting a turnaround for the food giant.
Conagra Brands' stock was up a bit on Thursday, but the company's results and forecast were the latest dose of bad news for the packaged-food industry.
The packaged food company announced fiscal 2027 profit guidance and cut its annual dividend.
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The maker of Orville Redenbacher's popcorn and Slim Jim swung to a loss in the fiscal fourth quarter and cut its dividend, as its new chief executive aims to strengthen the company with a more conservative spending strategy.
Conagra Brands forecast annual profit below Wall Street estimates on Wednesday, signaling that elevated commodity costs and cautious consumer spending would continue to weigh on its business.
CHICAGO, July 15, 2026 /PRNewswire/ -- Conagra Brands, Inc. (NYSE: CAG) today announced that its Board of Directors approved a quarterly dividend payment of $0.175 per share of CAG common stock to be paid on September 2, 2026 to stockholders of record as of the close of business on July 30, 2026. Conagra Brands, Inc. has paid consecutive quarterly dividends since January 1976.