CAG · 10-K · 2026A · Full report

Market Demand Trends

CONAGRA BRANDS INC. · 2026-07-15 · Importance 10 · Surprise 6

Conagra cites weak consumer sentiment, inflation, commodity cost fluctuations, supply chain pressures, and trade/regulatory uncertainty as principal demand drivers impacting fiscal 2026 and expected into fiscal 2027. The company experienced input cost and labor inflation and higher oil, energy and fuel costs in fiscal 2026 and expects to continue evaluating price increases, productivity initiatives and tariff mitigation to protect margins. Conagra flags consumer sensitivity to price increases that may reduce volumes and highlights a secular shift toward wellness and weight-management preferences, anticipating demand for portion-controlled, high-protein and high-fiber meals and snacks. These trends underpin its innovation focus and expected product positioning for fiscal 2027.

Key facts

• Grocery & Snacks organic volumes decreased 2.4% and price/mix increased 2.3% in fiscal 2026 vs fiscal 2025; the 53rd week accounted for 1.8% increase in net sales. source
• Refrigerated & Frozen organic price/mix decreased 1.0% and organic volume increased 0.3% in fiscal 2026 vs fiscal 2025; the 53rd week accounted for 1.8% increase. source