Conagra Brands, Inc. (CAG) Q3 2026 Earnings Call Transcript

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Conagra Brands, Inc. (CAG) Q3 2026 Earnings Call April 1, 2026 9:30 AM EDT

Company Participants

Matthew Neisius – Senior Director of Investor Relations
Sean Connolly – President, CEO & Director
David Marberger – Executive VP & CFO

Conference Call Participants

Andrew Lazar – Barclays Bank PLC, Research Division
David Palmer – Evercore ISI Institutional Equities, Research Division
Megan Christine Alexander – Morgan Stanley, Research Division
Peter Galbo – BofA Securities, Research Division
Thomas Palmer – JPMorgan Chase & Co, Research Division
Robert Moskow – TD Cowen, Research Division
Christopher Carey – Wells Fargo Securities, LLC, Research Division
Scott Marks – Jefferies LLC, Research Division

Presentation

Operator

Good day, and welcome to the Conagra Brands Third Quarter Fiscal 2026 Earnings Q&A Call. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the call over to Matthew Neisius, Senior Director of Investor Relations for Conagra Brands. Please go ahead.

Matthew Neisius
Senior Director of Investor Relations

Good morning, everyone, and thank you for joining us. Once again, I’m joined this morning by Sean Connolly, our CEO; and Dave Marberger, our CFO. We may be making some forward-looking statements and discussing non-GAAP financial measures during this Q&A session. Please see our earnings release, prepared remarks, presentation materials and filings with the SEC in the Investor Relations section of our website for descriptions of our risk factors, GAAP to non-GAAP reconciliations and information on our comparability items.

I’ll now ask the operator to introduce the first question.

Question-and-Answer Session

Operator

Our first question comes from Andrew Lazar with Barclays.

Andrew Lazar
Barclays Bank PLC, Research Division

Maybe Sean, to start off, I really like your thoughts on if the industry does end up facing another round of broad-based inflation, I guess, whether you think Conagra and the industry at large would be able to count on pricing

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