Shares of Conagra Brands, Inc. (NYSE: CAG) were up over 2% on Tuesday. The stock has dropped 20% over the past three months. The branded food company is scheduled to report its fourth quarter 2025 earnings results on Thursday, July 10, before market opens. Here’s a look at what to expect from the earnings report:
Revenue
Analysts are projecting revenue of $2.88 billion for Conagra in the fourth quarter of 2025, which implies a slight dip from $2.91 billion reported in the same quarter a year ago. In the third quarter of 2025, net sales decreased 6% year-over-year to $2.84 billion.
Earnings
The consensus estimate for earnings per share in Q4 2025 is $0.61, which is comparable to the prior-year period. In Q3 2025, adjusted EPS fell 26% YoY to $0.51.
Points to note
Conagra continues to operate in a dynamic environment with inflationary pressures, shifts in consumer confidence and spending, and tariff and trade impacts. Against this backdrop, the company continues to invest in its business to optimize manufacturing, improve productivity and drive efficiencies.
CAG is expected to benefit from its broad portfolio of brands. In the third quarter, it saw strong consumption trends across its brands although it faced some challenges from supply constraints in some of its categories. The company witnessed gains in categories like frozen single-serve meals, snacks, and staples. This momentum can be expected to continue in the fourth quarter.
Conagra expects its volumes to improve in the fourth quarter versus the third quarter, driven by strength in consumption across brands. The company also expects to see some benefit to shipments as it restocks retailer inventories in supply constrained areas.
Conagra continues to reshape its portfolio through acquisitions and divestitures. The company recently divested its Chef Boyardee, Van de Kamp, and Mrs. Paul’s brands in order to focus its resources on its core offerings.
