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Conagra Brands Faces Earnings Test Amid Inflationary Pressures
Conagra Brands Faces Earnings Test Amid Inflationary Pressures
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BTCCSquare news:
Conagra Brands prepares to report Q1 fiscal 2026 earnings against a backdrop of rising beef costs and tariff impacts. Analyst consensus points to a 37.7% earnings drop and 6.6% revenue decline, reflecting persistent supply chain challenges. The company has missed estimates in three of the past eight quarters, signaling structural hurdles in the packaged food sector.
Beef market dynamics remain unfavorable, with tight herds and export complications lingering from Trump-era trade policies. Seven analysts maintain neutral ratings, while Evercore ISI trimmed its price target by $1 to $23 - still suggesting 26.5% upside potential from current levels.
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