Compared to Estimates, Conagra Brands (CAG) Q2 Earnings: A Look at Key Metrics

Core Insights - Conagra Brands reported revenue of $2.98 billion for the quarter ended November 2025, reflecting a decline of 6.8% year-over-year and a slight miss of 0.35% against the Zacks Consensus Estimate of $2.99 billion [1] - The earnings per share (EPS) for the quarter was $0.45, down from $0.70 in the same quarter last year, with a positive surprise of 2.27% compared to the consensus estimate of $0.44 [1] Financial Performance Metrics - Net Sales growth in Grocery & Snacks was -8.5%, outperforming the average estimate of -11% from four analysts [4] - Net Sales growth in Refrigerated & Frozen was -6.5%, compared to the average estimate of -4.1% [4] - Price/Mix in Foodservice increased by 4.2%, exceeding the average estimate of 2.4% [4] - Organic Volume in Foodservice decreased by 4%, worse than the average estimate of -3.1% [4] - Price/Mix in International was up 3.5%, surpassing the average estimate of 2% [4] - Organic Volume in International declined by 6.4%, compared to the average estimate of -1.9% [4] - Net Sales growth in International was -5.4%, worse than the average estimate of -2.2% [4] - Net Sales growth in Foodservice was -1.3%, compared to the average estimate of -0.8% [4] Sales Breakdown - Sales in Grocery & Snacks amounted to $1.21 billion, slightly above the average estimate of $1.18 billion, representing a year-over-year decline of 8.5% [4] - Sales in Foodservice were reported at $288.4 million, close to the average estimate of $289.97 million, reflecting a -1.3% change year-over-year [4] - Sales in International reached $230.4 million, below the average estimate of $238.31 million, indicating a year-over-year change of -5.3% [4] - Sales in Refrigerated & Frozen totaled $1.25 billion, compared to the average estimate of $1.28 billion, marking a -6.5% change year-over-year [4] Stock Performance - Shares of Conagra Brands have returned +2.4% over the past month, slightly underperforming the Zacks S&P 500 composite's +2.5% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]