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CONAGRA BRANDS News Release For more information , please contact : MEDIA : Mike Cummins 312-549-5257 Michael.Cummins@conagra.com INVESTORS : Matthew Neisius 312-549-5002 IR@conagra.com Exhibit 99.1 FOR IMMEDIATE RELEASE CONAGRA BRANDS REPORTS FIRST QUARTER RESULTS CHICAGO , September 30 , 2026 — Today Conagra Brands , Inc. ( NYSE : CAG ) reported results for the first quarter of fiscal year 2027 , which ended on August 30 , 2026. All comparisons are against the prior year fiscal period , unless otherwise noted . Highlights • • Reported net sales decreased 1.4 % ; organic net sales decreased 1.1 % . Reported operating margin was 10.3 % ; adjusted operating margin was 11.5 % . Reported diluted earnings per share ( EPS ) was $ 0.36 , a 5.9 % increase . Adjusted earnings per share was $ 0.41 , a 5.1 % increase . The company is reaffirming its fiscal 2027 guidance , reflecting : Organic net sales change of ( 3 ) % to ( 1 ) % compared to fiscal 2026 Adjusted operating margin between 10.0 % and 10.5 % Adjusted EPS between $ 1.40 and $ 1.50 CEO Perspective John Brase , president and chief executive officer of Conagra Brands , commented , " We delivered a solid start to fiscal 2027 with top line results largely in line with expectations and profit ahead of expectations amid a challenging operating environment . Importantly , we are acting on our previously outlined priorities including restoring margins , increasing investment , reducing complexity , and rebalancing capital allocation , which are translating into measurable progress across the business . While there is more work to be done , we remain on track to deliver the year and are reaffirming our fiscal 2027 guidance . " Total Company First Quarter Results In the quarter , net sales decreased 1.4 % to $ 2.6 billion , reflecting : • a 0.2 % increase from the favorable impact of foreign exchange , a 0.5 % decrease from the impact of M & A , and a 1.1 % decrease in organic net sales . The 1.1 % decrease in organic net sales was driven by a 1.0 % positive impact from price / mix and a 2.1 % volume decrease . In the quarter , the company gained dollar share in categories including frozen vegetables , pudding , chili , frozen breakfast , hot dogs , and frozen desserts . Gross profit decreased 3.4 % to $ 619 million in the quarter and adjusted gross profit decreased 3.9 % to $ 619 million as higher productivity and approximately $ 4 million in tariff refunds were more than offset by lower organic net sales , the negative impact of cost of goods sold inflation , and unfavorable operating leverage . Gross margin decreased 50 basis points to 23.8 % in the quarter , and adjusted gross margin decreased 62 basis points to 23.8 % .