(RTTNews) - Conagra Brands, Inc. (CAG) said, for fiscal 2026, the company now expects adjusted EPS of approximately $1.70, at the low end of its $1.70 to $1.85 guidance range. The company now expects its adjusted equity earnings to be approximately $140 million for fiscal year compared to the prior estimate of approximately $170 million. Adjusted operating margin is now projected near the high end of its approximately 11.0% to approximately 11.5% range. Organic net sales change is now expected near the midpoint of its guidance range of between a decline of 1% to an increase of 1%.
Third quarter net income attributable to Conagra Brands increased to $199.8 million from $145.1 million, prior year. Reported earnings per share was $0.42, a 40.0% increase. Adjusted earnings per share was $0.39, a 23.5% decrease. Net sales were $2.79 billion, down 1.9%. Organic net sales increased 2.4%.
In pre-market trading on NYSE, Conagra shares are down 0.25 percent to $15.66.
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