"Conagra's adjusted EPS came in at $0.39, missing the $0.40 consensus estimate and falling 23.5% year-over-year, indicating ongoing profitability concerns."
"Lamb Weston delivered a headline EPS beat with adjusted diluted EPS of $0.72 against a $0.61 estimate, but the stock fell 8.9% due to poor GAAP results."
Conagra Brands, Cal-Maine Foods, and Lamb Weston reported Q3 FY2026 earnings, revealing mixed results. Cal-Maine is viewed positively, while Lamb Weston faces skepticism despite an EPS beat. Conagra's stock is under pressure with a price target of $14, indicating potential further decline. Adjusted EPS missed estimates, and management lowered guidance. Lamb Weston reported a headline EPS beat but saw significant declines in GAAP net income and operating income. North America showed volume growth, but overall performance remains concerning for both Conagra and Lamb Weston.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]