Conagra Brands, Inc. (CAG) Q3 2026 Earnings Call Prepared Remarks Transcript

SA Transcripts159.2K FollowersFollow5ShareSaveCommentsQ3: 2026-04-01 Earnings SummaryInsightsTranscript InsightsPlay CallPlay CallTranscriptEPS of $0.39 misses by $0.01 | Revenue of $2.79B (-1.87% Y/Y) beats by $27.40M Conagra Brands, Inc. (CAG) Q3 2026 Earnings Call March 31, 2026 8:00 PM EDT Company Participants Matthew Neisius - Senior Director of Investor RelationsSean Connolly - President, CEO & Director David Marberger - Executive VP & CFO Presentation Matthew NeisiusSenior Director of Investor Relations Good morning. Thank you for listening to our prepared remarks for the Conagra Brands Third Quarter Fiscal 2026 Earnings. At 9:30 Eastern this morning, we will hold a separate live question-and-answer session on today's results, which you can access via webcast on our Investor Relations website. Our press release, presentation materials and a transcript of these prepared remarks are also available there. In our presentation this morning, Sean Connolly, our CEO; and Dave Marberger, our CFO, will be making some forward-looking statements. And while we're making those statements in good faith based on current information, we don't have any guarantee about the results we'll achieve. Descriptions of our risk factors are included in our filings with the SEC. We'll also be discussing some non-GAAP financial measures. GAAP to non-GAAP reconciliations and information on our comparability items are in our earnings release and presentation materials in the Investor Relations section of our website. I'll now turn the call over to Sean. Sean ConnollyPresident, CEO & Director Thanks, Matthew. Good morning, everyone, and thank you for joining our third quarter fiscal 2026 earnings call. I'll begin with our key messages for the quarter. We returned to organic net sales growth in line with our expectations that we shared last quarter. We also saw continued upward inflection in our growth businesses, gaining market share in key Frozen categories while posting another quarter of strong growth in Snacks at a rate that exceeded our snacking categories. In Staples, we continue to take a different approach, managing the business for cash. Together, these results have us