Conagra Brands Inc (NYSE:CAG) shares moved lower as the company’s fiscal fourth quarter came in below Wall Street expectations, attributed to ongoing supply constraints and macroeconomic uncertainty.
The North American packaged foods company’s revenue was down 4.3% from the year-ago quarter at $2.78 billion, below consensus estimates of $2.83 billion to $2.88 billion.
Adjusted earnings per share (EPS) were down 8.2% at $0.56, missing the consensus of $0.61.
“While the second half was impacted by higher than expected inflation, foreign exchange headwinds, and supply constraints, our long-term value creation strategy remains unchanged,” Conagra CEO Sean Connolly said in a statement.
Elevated inflation and macroeconomic uncertainty are expected to persist in fiscal 2026, the CEO added.
For fiscal 2026, Conagra projected organic net sales to range from a 1% decline to a 1% increase compared to fiscal 2025, indicating minimal expected growth in the near term.
Adjusted EPS is expected to be between $1.70 and $1.85, below the Street consensus of $2.13 to $2.21.
Shares of Conagra traded down 4.7% at about $19 in early trading on Thursday.