Food Products
Price
$15.48
-0.90%Market Cap
$7.48B
Day High
$15.78
Day Low
$15.40
Conagra Brands swung to a $1,916.2M net loss (-$4.00 diluted EPS) in FY2026 primarily due to $2.93 billion in non-cash goodwill and brand intangible impairment charges (notably Birds Eye and Refrigerated & Frozen), even as revenue declined 2.9% and operating cash flow remained solidly positive at $1,402.1M.
Key risk: Goodwill and Brand Intangible Impairment Risk
The company recorded $2.93 billion in impairment charges in FY2026 related to goodwill and brand intangibles, primarily the Birds Eye brand and the Refrigerated & Frozen reporting unit, based on discounted cash flow and market multiple assumptions. Changes in terminal growth rates, discount rates, or forecasted margins could trigger further impairments given remaining goodwill of $8.12 billion and indefinite-lived intangibles of $1.25 billion.