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Conagra Brands posted earnings of 41 cents, blowing past Wall Street's 28-cent forecast

The packaged foods company reaffirmed its fiscal 2027 guidance despite a 1.4% drop in net sales and continued volume declines

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Conagra Brands reported first-quarter adjusted earnings of 41 cents per diluted share on Wednesday, topping analyst expectations of 28 cents per share, according to Reuters.

Total net sales for the quarter ended August 30 came in at $2.60 billion, a 1.4% decline from a year earlier. That narrowly beat analyst estimates of $2.59 billion, according to Reuters. Reported diluted earnings per share were 36 cents, up 5.9% from the prior year period.

Organic net sales fell 1.1%,........

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