Conagra Stock Hits 52-Week Low - Here's Why
Conagra Brands, Inc. (NYSE:CAG) shares moved lower Monday after the company announced a leadership transition, adding to pressure on a stock already down more than 16% in 2026.
The packaged food maker said Monday that John Brase will become President and Chief Executive Officer effective June 1, 2026, succeeding Sean Connolly, who will step down May 31 after more than a decade leading the company.
Brase brings over 35 years of consumer goods experience, most recently serving as President and COO of J.M. Smucker Co. (NYSE:SJM). He also spent nearly 30 years at Procter & Gamble Co. (NYSE:PG), where he led its North America Family Care business.
“John’s track record of driving top- and bottom-line performance… is exceptional, and we are confident Conagra will thrive under his leadership,” said Board Chair Richard H. Lenny, calling the move part of a “thoughtful” succession plan.
Brase said he aims to accelerate revenue growth, strengthen margins, and boost cash flow, while Connolly highlighted Conagra’s transformation into a focused branded food company and pledged support for a smooth transition.
Recent Earnings
Recently, Conagra reported adjusted earnings of 39 cents per share, missing the analyst consensus estimate of 40 cents. Sales totaled $2.79 billion, down 1.9% from a year earlier, ...
Source: Benzinga