Why Is Conagra Brands Stock Falling Wednesday?

Conagra Brands Inc. reported mixed third-quarter results, with adjusted earnings of 39 cents per share, missing the analyst consensus of 40 cents, and sales of $2.79 billion, down 1.9% year-over-year but exceeding expectations of $2.76 billion. The company faced margin pressures, leading to a decline in adjusted gross profit by 6.3% to $660 million and a drop in adjusted EBITDA by 14.9% to $437 million. Conagra narrowed its fiscal 2026 adjusted earnings guidance to about $1.70 per share, slightly below the analyst estimate of $1.72, causing its stock to fall 1.62% to $15.46, nearing its 52-week low of $15.03.