Conagra Brands unveils 2026 strategy, fiscal targets and 100% free cash flow goal at CAGNY

Conagra frames 2026 strategy at CAGNY conference

Conagra Brands is presenting its 2026 business strategy, financial outlook and a preview of new product innovations at the Consumer Analyst Group of New York (CAGNY) conference, the company says. The packaged-food maker is using the event to outline how it plans to balance brand-led growth with cost discipline and operational agility across its portfolio, highlighting a pipeline of product rollouts aimed at matching shifting consumer tastes in frozen, shelf-stable and refrigerated categories.

In its CAGNY presentation, Conagra reaffirms fiscal 2026 targets, calling for organic net sales to change between (1)% and 1% year-over-year, adjusted operating margin of approximately 11.0% to 11.5%, and adjusted earnings per share of $1.70 to $1.85. Management now expects free cash flow conversion of roughly 100% for the full fiscal year, up from a prior expectation of about 90%, signaling a stronger emphasis on cash generation and working capital management as a lever for reinvestment and portfolio development.

The company is webcasting the presentation live as an audio stream with slides on Feb. 17 at about 9:00 a.m. Eastern and makes a replay available through Feb. 17, 2027. Conagra frames the session around its stated priorities—agility, collaboration and innovation—and plans to show how new SKUs and marketing initiatives for calendar 2026 will align with its strategic goal of evolving its brand portfolio to satisfy changing consumer preferences.

Company profile and recent scale

Headquartered in Chicago, Conagra is one of North America’s leading branded food companies, reporting nearly $12 billion in net sales in fiscal 2025. Its portfolio includes Birds Eye, Duncan Hines, Healthy Choice, Marie Callender’s, Reddi-wip, Slim Jim and Angie's BOOMCHICKAPOP, among other well-known consumer packaged food brands, which the company says underpin its go-to-market plans and product innovation pipeline.

Forward-looking caution and investor access

Conagra notes that statements about strategy, expectations and future performance are forward-looking and subject to risks and uncertainties, and it uses customary qualifiers such as “may,” “will” and “expect.” The company directs stakeholders to its investor-relations site for presentation materials and risk disclosures and to monitor factors that could cause actual results to differ materially from current expectations.