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NEW YORK--(BUSINESS WIRE)--MarketAxess Holdings Inc. (Nasdaq: MKTX) the operator of a leading electronic trading platform for fixed-income securities, will issue a press release announcing its second quarter 2026 financial results on Friday, August 7, 2026, before the market opens. Chris Concannon, Chief Executive Officer, and Ilene Fiszel Bieler, Chief Financial Officer, will host a conference call to provide a strategic update and discuss the Company's financial results and outlook on Friday,.

15.7.2026 14:33

Index výrobních cen (m-m) (červen):
aktuální hodnota: -0,3 %
očekávání trhu: 0 %
předchozí hodnota: 1,1 % / revize: 0,6 %

Jádrový PPI (m-m) (červen):
aktuální hodnota: 0,2 %
očekávání trhu: 0,3 %
předchozí hodnota: 0,4 % / revize: 0,1 %

Index výrobních cen (y-y) (červen):
aktuální hodnota: 5,5 %
očekávání trhu: 6,2 %
předchozí hodnota: 6,5 % / revize: 6,0 %

Jádrový PPI (y-y) (červen):
aktuální hodnota: 4,7 %
očekávání trhu: 5,1 %
předchozí hodnota: 4,9 % / revize: 4,6 %

Zdroj: Bloomberg

Michal Šnobl
Fio banka, a.s.
Prohlášení

, /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in active investing, today announced that monthly fund composition and performance data for Federated Hermes Premier Municipal Income Fund (NYSE: FMN) as of June 30, 2026, is now available in the Products section of FederatedHermes.com/us. To order hard copies of this data or to be placed on a mailing list, call 800-245-0242 x5587538, email [email protected] or write to Federated Hermes, 1001 Liberty Avenue, Floor 23, Pittsburgh, PA 15222.

Federated Hermes, Inc. (NYSE: FHI) is a global leader in active, responsible investment management, with $907.1 billion in assets under management, as of March 31, 2026. We deliver investment solutions that help investors target a broad range of outcomes and provide equity, fixed-income, alternative/private markets, multi-asset and liquidity management strategies to more than 11,000 institutions and intermediaries worldwide. Our clients include corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers. Headquartered in Pittsburgh, Federated Hermes has more than 2,000 employees in London, New York, Boston and offices worldwide. For more information, visit FederatedHermes.com/us.

# # #

SOURCE Federated Hermes, Inc.

, /PRNewswire/ -- Today Conagra Brands, Inc. (NYSE: CAG) reported results for the fourth quarter and full fiscal year 2026, which ended on May 31, 2026. All comparisons are against the prior year fiscal period, unless otherwise noted.

Highlights

Fourth quarter fiscal 2026: Reported net sales increased 3.6%; organic net sales were approximately flat Reported operating margin was (57.5)%; adjusted operating margin was 11.7% Reported diluted loss per share was $3.37, primarily as a result of certain non-cash goodwill and brand impairment charges; adjusted earnings per share (EPS) were $0.47 Full year fiscal 2026: Reported net sales decreased 2.9%; organic net sales decreased 0.4% Reported operating margin was (14.4)%; adjusted operating margin was 11.3% Reported diluted loss per share was $4.00; adjusted EPS was $1.72 The company is providing fiscal 2027 guidance to reflect: 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, "I am honored to step into the role of CEO and energized by the opportunities ahead. Conagra has an exceptional portfolio of iconic brands, talented employees, strong customer relationships, and leading positions in attractive categories. In fiscal 2026, our team delivered results within our guidance ranges, navigating a dynamic operating environment while demonstrating the resilience of our business and disciplined execution across the organization."

He continued, "As I immerse myself in the business, I see several near-term opportunities to strengthen the business including stabilizing and restoring our margin profile, increasing investment behind our brands and supply chain, driving simplicity and reducing complexity across the organization, and enhancing our financial flexibility. Taking action against these opportunities will improve our competitiveness, build a strong foundation for growth, and help unlock the full potential of our portfolio. Consistent with these priorities, and as approved by our Board of Directors, we are announcing today a reduction in our dividend to an annualized rate of $0.70 per share. While there is important work to do, I am confident in the strength of our brands, our people, and our ability to improve performance and deliver attractive long-term returns for shareholders."

Total Company Fourth Quarter Results
In the quarter, reported net sales increased 3.6% to $2.9 billion reflecting:

a 0.5% increase from the favorable impact of foreign exchange, a 4.6% decrease from the impact of M&A, a 7.7% increase from the impact of the 53rd week, and flat organic net sales. Organic net sales were driven by a 1.6% positive impact from price/mix and a 1.6% decrease in volume. In the quarter, the company gained volume share in categories including frozen single-serve meals, frozen multi-serve meals, frozen vegetables, meat snacks, seeds, and pudding.

Gross profit decreased 0.4% to $704 million in the quarter and adjusted gross profit decreased 1.6% to $706 million versus the prior year as productivity, approximately $6 million in tariff refunds, and the impact of the 53rd week were more than offset by the negative impact of cost of goods sold inflation and unfavorable operating leverage. Gross margin decreased 99 basis points to 24.4% in the quarter, and adjusted gross margin decreased 130 basis points to 24.5%.

Selling, general, and administrative expense (SG&A), which includes advertising and promotional expense (A&P), increased 20.4% to $401 million in the quarter primarily due to certain restructuring charges, higher incentive compensation expense, and the impact of the 53rd week. Adjusted SG&A, which includes A&P, increased 11.0% to $369 million primarily due to the incentive compensation and 53rd week impacts previously mentioned. A&P increased 8.4% to $67 million compared to the prior year quarter.

In the quarter, the company incurred $2.0 billion of non-cash goodwill and brand impairment charges primarily triggered by a sustained decline in the company's share price and market capitalization.

Pension and postretirement non-service income was $28 million in the quarter compared to $17 million of income in the prior year period. Adjusted pension and postretirement non-service income increased $2 million to $5 million in the quarter.

In the quarter, equity method investment earnings decreased 25.8% to $43 million and adjusted equity method investment earnings decreased 26.1% to $45 million as results from the company's joint venture, Ardent Mills, were impacted by lower commodity trading revenue and unfavorable operating leverage.

Net interest expense was $100 million in the quarter. Compared to the prior year period, net interest expense decreased 2.0% or $2 million, due to a reduction in total debt.

In the quarter, the effective tax rate was 4.2% compared to 12.7% in the prior year. The adjusted effective tax rate was 20.6% compared to 22.3% in the prior year period driven by a one-time benefit related to foreign currency translations.

In the quarter, net loss attributable to Conagra Brands was $1.6 billion, or $3.37 per diluted share. Adjusted net income attributable to Conagra Brands was $228 million, or $0.47 per diluted share.

Adjusted EBITDA, which includes adjusted equity method investment earnings and adjusted pension and postretirement non-service income, was $484 million in the quarter.

The average diluted share count in the quarter was 479 million shares.

In the quarter, the company paid a dividend of $0.35 per share.

Total Company Fiscal 2026 Results
For the full fiscal year, net sales decreased 2.9% to $11.3 billion reflecting:

a 0.3% increase from the favorable impact of foreign exchange, a 4.6% decrease from the impact of M&A, a 1.8% increase from the impact of the 53rd week, and a 0.4% decrease in organic net sales. For the full fiscal year, gross profit decreased 10.2% to $2.7 billion and adjusted gross profit decreased 9.4% to $2.7 billion as higher productivity and the favorable impact of the 53rd week 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 194 basis points to 23.9% and adjusted gross margin decreased 175 basis points to 24.0%.

For the full fiscal year, diluted loss per share was $4.00, primarily as a result of the non-cash goodwill and brand impairment charges outlined above, and adjusted EPS was $1.72.

Grocery & Snacks Segment Fourth Quarter Results
Net sales for the Grocery & Snacks segment increased 0.3% to $1.2 billion in the quarter, reflecting: 

an 8.0% decrease from the impact of M&A, a 7.8% increase from the impact of the 53rd week, and a 0.5% increase in organic net sales. The increase in organic net sales was driven by a price/mix increase of 4.0% and a volume decrease of 3.5%. 

Operating loss for the segment was $13 million in the quarter as a result of the brand impairment charges outlined above. Adjusted operating profit decreased 4.1% to $216 million as higher organic net sales, higher productivity, and the impact from the 53rd week were more than offset by the negative impact of cost of goods sold inflation, unfavorable operating leverage, and higher SG&A.

Refrigerated & Frozen Segment Fourth Quarter Results
Net sales for the Refrigerated & Frozen segment increased 5.3% to $1.2 billion in the quarter, reflecting:

a 1.8% decrease from the impact of M&A, a 7.6% increase from the impact of the 53rd week, and a 0.5% decrease in organic net sales. The decrease in organic net sales was driven by a price/mix decrease of 0.8% and a volume increase of 0.3%.

Operating loss for the segment was $1.6 billion as a result of the non-cash goodwill and brand impairment charges outlined above. Adjusted operating profit decreased 18.5% to $139 million as higher productivity and the impact from the 53rd week were more than offset by lower organic net sales, the negative impact of cost of goods sold inflation, unfavorable operating leverage, and higher SG&A.

International Segment Fourth Quarter Results
Net sales for the International segment increased 6.3% to $244 million in the quarter, reflecting:

a 6.0% increase from the favorable impact of foreign exchange, a 4.9% decrease from the impact of M&A, a 7.6% increase from the impact of the 53rd week, and a 2.4% decrease in organic net sales. The decrease in organic net sales was driven by a price/mix increase of 0.6% and a volume decrease of 3.0%.

Operating profit for the segment decreased 8.0% to $32 million in the quarter and adjusted operating profit decreased 7.1% to $33 million as higher productivity, favorable foreign exchange rates, and the impact of the 53rd week were more than offset by lower organic net sales, the negative impact of cost of goods sold inflation, unfavorable operating leverage, and higher SG&A.

Foodservice Segment Fourth Quarter Results
Net sales for the Foodservice segment increased 8.1% to $302 million in the quarter, reflecting:

a 1.4% decrease from the impact of M&A, a 7.7% increase from the impact of the 53rd week, and a 1.8% increase in organic net sales. The increase in organic net sales was driven by a price/mix increase of 2.6% and a volume decrease of 0.8%. 

Operating profit and adjusted operating profit for the segment decreased 6.9% to $29 million in the quarter as higher organic net sales, higher productivity, and the impact of the 53rd week were more than offset by the negative impact of cost of goods sold inflation, unfavorable operating leverage, and higher SG&A.

Cash Flow and Debt Update
For the full fiscal year, the company generated $1.4 billion in net cash flows from operating activities compared to $1.7 billion in the prior year period, driven primarily by lower operating profit and lapping the accelerated receipt of a portion of the company's outstanding receivables, partially offset by favorable inventory management. Capital expenditures were $423 million compared to $389 million in the prior year period, and free cash flow was $979 million compared to $1.3 billion in the prior year. Dividends paid were approximately unchanged versus the prior year at $670 million.

The company ended the year with net debt of $7.1 billion, representing an 11.9% reduction in net debt versus the prior year, resulting in a 3.83x net leverage ratio at fiscal year end.

Dividend Update
The company announced today that its Board of Directors approved a quarterly dividend payment of $0.175 per share of Conagra common stock to be paid on September 2, 2026 to stockholders of record as of the close of business on July 30, 2026. On an annualized basis, the dividend rate for the company's common stock is $0.70 per share.

Outlook
The company is providing the following guidance for fiscal 2027:

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 Key assumptions incorporated in the above guidance include:

Equity earnings contribution of approximately $140 million Pension income of approximately $25 million Interest expense of approximately $360 million Adjusted effective tax rate of approximately 24% Capital expenditures of approximately $550 million Free cash flow conversion of greater than 90% Net leverage ratio at fiscal year end of approximately 4.0x The inability to predict the amount and timing of the impacts of foreign exchange, acquisitions, divestitures, and other items impacting comparability makes a detailed reconciliation of forward-looking non-GAAP financial measures impracticable. For the same reasons, the company is unable to address the probable significance of these items, which could be material to future results. Please see the end of this release for more information.

Discussion of Results and Outlook
Conagra Brands will issue pre-recorded remarks prior to hosting a live Q&A conference call and webcast at 9:30 a.m. Eastern time today to discuss the company's results and outlook. The live audio webcast Q&A conference call, pre-recorded remarks, transcript of the pre-recorded remarks, and presentation slides will be available on www.conagrabrands.com/investor-relations under Events & Presentations. The Q&A conference call may be accessed by dialing 1-877-883-0383 for participants in the U.S. and 1-412-902-6506 for all other participants and using passcode 4873871. Please dial in 10 to 15 minutes prior to the call start time. A replay of the Q&A conference call will be available on www.conagrabrands.com/investor-relations under Events & Presentations until July 15, 2027.

About Conagra Brands
Conagra Brands, Inc. (NYSE: CAG), is one of North America's leading branded food companies. We combine a 100-year history of making quality food with agility and a relentless focus on collaboration and innovation. The company's portfolio is continuously evolving to satisfy consumers' ever-changing food preferences. Conagra's brands include Birds Eye®, Duncan Hines®, Healthy Choice®, Marie Callender's®, Reddi-wip®, Slim Jim®, Angie's® BOOMCHICKAPOP®, and many more. As a corporate citizen, we aim to do what's right for our business, our employees, our communities and the world. Headquartered in Chicago, Conagra Brands generated fiscal 2026 net sales of over $11 billion. For more information, visit www.conagrabrands.com.

Note on Forward-Looking Statements
The information contained in this document includes forward-looking statements within the meaning of the federal securities laws. Examples of forward-looking statements include statements regarding our expected future financial performance or position, results of operations, business strategy, plans and objectives of management for future operations, legal matters, costs and cost savings, impairments, and dividends, as well as other statements that are not historical facts. You can identify forward-looking statements by their use of forward-looking words, such as "may", "will", "anticipate", "expect", "believe", "estimate", "intend", "plan", "should", "seek", or comparable terms.

Readers of this document should understand that these forward-looking statements are not guarantees of performance or results. Forward-looking statements provide our current expectations and beliefs concerning future events and are subject to risks, uncertainties, and factors relating to our business and operations, all of which are difficult to predict and could cause our actual results to differ materially from the expectations expressed in or implied by such forward-looking statements. These risks, uncertainties, and factors include, among other things: risks associated with general economic and industry conditions, including inflation, oil, energy and fuel costs, reduced consumer confidence and spending, increased tariffs and taxes, actual or threatened hostilities or war and/or other geopolitical conflicts, declining benefits or changing eligibility requirements under government food assistance programs for consumers, rising unemployment, recessions, supply chain challenges, labor cost increases or shortages, interest rate and currency rate fluctuations; risks related to the availability and prices of commodities and other supply chain resources, including raw materials, packaging, energy, and transportation, weather conditions, pandemics, epidemics, and disease, in humans, plants, and animals; disruptions or inefficiencies in our supply chain and/or operations; risks related to the effectiveness of our hedging activities and ability to respond to volatility in commodities; risks related to the ultimate impact of, including reputational harm caused by, any product recalls and product liability or labeling litigation; risks related to our ability to execute operating and value creation plans and achieve returns on our investments and targeted operating efficiencies from cost-saving initiatives, and to benefit from trade optimization programs; risks related to our ability to deleverage on currently anticipated timelines, and to continue to access capital on acceptable terms or at all; risks related to the Company's competitive environment, cost structure, and related market conditions; risks related to our ability to respond to changing consumer preferences including health and wellness perceptions and the success of our innovation and marketing investments; risks associated with actions by our customers, including changes in distribution and purchasing terms; risks related to the seasonality of our business; risks associated with our contract manufacturing arrangements and other third-party service provider dependencies; risks associated with actions of governments and regulatory bodies that affect our businesses, including regulations or interpretations designed to address climate change; risks related to the Company's ability to execute on its strategies or achieve expectations related to environmental, social, and governance matters, including as a result of evolving legal, regulatory, and other standards, processes, and assumptions, the pace of scientific and technological developments, increased costs, the availability of requisite financing, and changes in carbon pricing or carbon taxes; risks related to a material failure in or breach of our or our vendors' information technology systems and other cybersecurity incidents; risks related to our ability to identify, attract, hire, train, retain and develop qualified personnel; risk of increased pension, labor or people-related expenses; risks and uncertainties associated with intangible assets, including any future goodwill or intangible assets impairment charges; risks relating to our ability to protect our intellectual property rights; risks relating to acquisition, divestiture, joint venture or investment activities; the amount and timing of future dividends, which remain subject to Board approval and depend on market and other conditions; the amount and timing of future stock repurchases; and other risks described in our reports filed from time to time with the U.S. Securities and Exchange Commission (the "SEC"). We caution readers not to place undue reliance on any forward-looking statements included in this document, which speak only as of the date of this document. We undertake no responsibility to update these statements, except as required by law.

Note on Non-GAAP Financial Measures
This document includes certain non-GAAP financial measures, including adjusted EPS, organic net sales, adjusted gross profit, adjusted operating profit, adjusted SG&A, adjusted corporate expenses, adjusted gross margin, adjusted operating margin, adjusted effective tax rate, adjusted pension income, adjusted net income attributable to Conagra Brands, free cash flow, net debt, net leverage ratio, adjusted EBITDA, and adjusted equity method investment income. Management considers GAAP financial measures as well as such non-GAAP financial information in its evaluation of the company's financial statements. We believe these non-GAAP financial measures provide useful supplemental information to investors to facilitate year-over-year comparisons by removing non-recurring items and other items impacting comparability such as the impacts of foreign exchange, divested businesses and acquisitions, as well as the impact of any 53rd week, as noted in more detail for each measure below. We also believe the below financial measures are used by investors and analysts to assess the company's operating performance and financial position. These measures should be viewed in addition to, and not in lieu of, the company's diluted earnings per share, operating performance and financial measures as calculated in accordance with GAAP.

Organic net sales excludes, from reported net sales, the impacts of foreign exchange, divested businesses and acquisitions, as well as the impact of any 53rd week to provide a more transparent view of year-over-year comparability. All references to changes in volume and price/mix throughout this release are on an organic net sales basis.

Free cash flow is net cash from operating activities less additions to property, plant and equipment. Free cash flow conversion is free cash flow divided by adjusted net income attributable to Conagra Brands, Inc. We use this non-GAAP financial measure to provide additional information about the amount of cash available for debt repayment, dividend distributions, acquisition opportunities, and share repurchases after all of the company's business needs and obligations are met.

References to adjusted items throughout this release refer to measures computed in accordance with GAAP less the impact of items impacting comparability. Items impacting comparability are income or expenses (and related tax impacts) that management believes have had, or are likely to have, a significant impact on the earnings of the applicable business segment or on the total corporation for the period in which the item is recognized, and are not indicative of the company's core operating results. We exclude these items that we believe affect comparability of underlying results from period to period and may obscure trends in our underlying profitability.

References to earnings before interest, taxes, depreciation, and amortization (EBITDA) refer to net income attributable to Conagra Brands before the impacts of discontinued operations, income tax expense (benefit), interest expense, depreciation, and amortization. For adjusted EBITDA, we exclude items resulting from infrequently occurring events or items that we believe significantly affect the year-to-year assessment of the company's operating results.

Hedge gains and losses are generally aggregated, and net amounts are reclassified from unallocated corporate expense to the operating segments when the underlying commodity or foreign currency being hedged is expensed in segment cost of goods sold. The net change in the derivative gains (losses) included in unallocated corporate expense during the period is reflected as a comparability item, corporate hedging derivative gains (losses).  Since our hedging contracts are generally for future periods, this adjustment facilitates year-over-year comparisons of cost of goods sold, matching the derivative gains and losses with the underlying economic exposure being hedged for the period.

References to adjusted equity method investment income refer to equity method investment income adjusted to exclude the impact of certain restructuring activities and unusual tax items, as applicable, from the Ardent Mills JV.

Note on Forward-Looking Non-GAAP Financial Measures
Our fiscal 2027 guidance includes certain non-GAAP financial measures (organic net sales change, adjusted operating margin, adjusted EPS, net leverage ratio, free cash flow conversion, adjusted effective tax rate) that are presented on a forward-looking basis. Historically, the company has calculated these non-GAAP financial measures excluding the impact of certain items such as, but not limited to, foreign exchange, acquisitions, divestitures, restructuring expenses, the extinguishment of debt, hedging gains and losses, impairment charges, legacy legal contingencies, and unusual tax items. Reconciliations of these forward-looking non-GAAP financial measures to the most directly comparable GAAP financial measures are not provided because the company is unable to provide such reconciliations without unreasonable effort, due to the uncertainty and inherent difficulty of predicting the timing and financial impact of such items. For the same reasons, the company is unable to address the probable significance of the unavailable information, which could be material to future results.

Conagra Brands, Inc.

Consolidated Statements of Operations

(in millions)

(unaudited)

FOURTH QUARTER

Fourteen Weeks Ended

Thirteen Weeks Ended

May 31, 2026

May 25, 2025

Percent Change

Net sales

$

2,882.1

$

2,781.8

3.6 %

Cost of goods sold

2,178.0

2,074.6

5.0 %

Gross profit

$

704.1

$

707.2

(0.4) %

Selling, general and administrative expenses

401.1

333.0

20.4 %

Goodwill impairment charges

1,611.1

—

100.0 %

Other intangible asset impairment charges

350.2

53.2

558.7 %

Operating profit (loss)

$

(1,658.3)

$

321.0

N/A

Pension and postretirement non-service income

27.6

16.6

67.1 %

Interest expense, net

99.7

101.8

(2.0) %

Equity method investment earnings

42.6

57.4

(25.8) %

Income (loss) before income taxes

$

(1,687.8)

$

293.2

N/A

Income tax (benefit) expense

(70.9)

37.2

N/A

Net income (loss) attributable to Conagra Brands, Inc.

$

(1,616.9)

$

256.0

N/A

Earnings (loss) per share - basic

Net income (loss) attributable to Conagra Brands, Inc.

$

(3.37)

$

0.54

N/A

Weighted average shares outstanding

479.2

478.2

0.2 %

Earnings (loss) per share - diluted

Net income (loss) attributable to Conagra Brands, Inc.

$

(3.37)

$

0.53

N/A

Weighted average share and share equivalents outstanding 1

479.2

479.5

(0.1) %

1 In Q4 FY26, we reported a GAAP net loss. In periods when we recognize a net loss, we exclude the impact of outstanding stock awards from the diluted loss per share calculation, as their inclusion would have an anti-dilutive effect. The weighted average diluted share count was 480.2 million shares.

Conagra Brands, Inc.

Consolidated Statements of Operations

(in millions)

(unaudited)

FISCAL YEAR

Fifty-
Three Weeks Ended

Fifty-
Two Weeks Ended

May 31, 2026

May 25, 2025

Percent Change

Net sales

$

11,281.6

$

11,612.8

(2.9) %

Cost of goods sold

8,583.2

8,609.3

(0.3) %

Gross profit

$

2,698.4

$

3,003.5

(10.2) %

Selling, general and administrative expenses

1,439.4

1,537.3

(6.4) %

Goodwill impairment charges

2,382.4

—

100.0 %

Other intangible asset impairment charges

547.2

72.1

659.6 %

Loss (gain) on divestitures

(42.2)

29.5

N/A

Operating profit (loss)

$

(1,628.4)

$

1,364.6

N/A

Pension and postretirement non-service income

45.9

25.9

77.5 %

Interest expense, net

382.6

416.7

(8.2) %

Equity method investment earnings

140.7

182.4

(22.8) %

Income (loss) before income taxes

$

(1,824.4)

$

1,156.2

N/A

Income tax expense

91.8

3.7

2345.1 %

Net income (loss)

$

(1,916.2)

$

1,152.5

N/A

Less: Net income attributable to noncontrolling interests

—

0.1

(100.0) %

Net income (loss) attributable to Conagra Brands, Inc.

$

(1,916.2)

$

1,152.4

N/A

Earnings (loss) per share - basic

Net income (loss) attributable to Conagra Brands, Inc.

$

(4.00)

$

2.41

N/A

Weighted average shares outstanding

479.0

478.3

0.1 %

Earnings (loss) per share - diluted

Net income (loss) attributable to Conagra Brands, Inc.

$

(4.00)

$

2.40

N/A

Weighted average share and share equivalents outstanding 1

479.0

479.7

(0.1) %

1 In FY26, we reported a GAAP net loss. In periods when we recognize a net loss, we exclude the impact of outstanding stock awards from the diluted loss per share calculation, as their inclusion would have an anti-dilutive effect. The weighted average diluted share count was 479.8 million shares.

Conagra Brands, Inc.

Consolidated Balance Sheets

(in millions)

(unaudited)

May 31, 2026

May 25, 2025

ASSETS

Current assets

Cash and cash equivalents

$

218.0

$

68.0

Receivables, less allowance for doubtful accounts of $3.9 and $3.6

658.2

770.0

Inventories

1,905.4

2,048.3

Prepaids and other current assets

100.5

90.6

   Current assets held for sale

—

94.1

Total current assets

2,882.1

3,071.0

Property, plant and equipment

6,843.3

6,558.1

Less: Accumulated depreciation

(3,980.4)

(3,731.5)

Property, plant and equipment, net

2,862.9

2,826.6

Goodwill

8,119.3

10,501.9

Brands, trademarks and other intangibles, net

1,830.7

2,421.1

Other assets

1,566.4

1,571.0

Noncurrent assets held for sale

13.0

542.3

$

17,274.4

$

20,933.9

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities

Notes payable

$

34.2

$

804.7

Current installments of long-term debt

778.2

1,028.8

Accounts and other payables

1,513.3

1,590.1

Accrued payroll

201.7

146.0

Other accrued liabilities

660.6

744.7

   Current liabilities held for sale

—

2.7

Total current liabilities

3,188.0

4,317.0

Senior long-term debt, excluding current installments

6,456.0

6,234.1

Deferred income taxes

693.4

810.3

Other noncurrent liabilities

579.4

639.6

Noncurrent liabilities held for sale

—

0.2

Total liabilities

10,916.8

12,001.2

Common stockholders' equity

Common stock of $5 par value, authorized 1,200,000,000 shares; issued 584,219,229

2,921.2

2,921.2

Additional paid-in capital

2,316.1

2,347.2

Retained earnings

4,171.7

6,759.1

Accumulated other comprehensive income

7.4

16.3

Less treasury stock, at cost, common shares 105,666,163 and 106,846,304

(3,058.8)

(3,111.1)

Total stockholders' equity

6,357.6

8,932.7

$

17,274.4

$

20,933.9

Conagra Brands, Inc. and Subsidiaries

Consolidated Statements of Cash Flows

(in millions)

(unaudited)

Fifty-Three Weeks Ended

Fifty-Two Weeks Ended

May 31, 2026

May 25, 2025

Cash flows from operating activities:

Net income (loss)

$

(1,916.2)

$

1,152.5

Adjustments to reconcile net income (loss) to net cash flows from operating activities:

Depreciation and amortization

396.0

390.2

Asset impairment charges

2,950.9

149.8

Loss (gain) on divestitures

(42.2)

29.5

Equity method investment earnings less than (in excess of) distributions

0.4

(22.1)

Stock-settled share-based payments expense

54.7

41.5

Contributions to pension plans

(11.4)

(11.9)

Pension benefit

(37.4)

(19.6)

Other items

(5.3)

4.8

Change in operating assets and liabilities excluding effects of business acquisitions
and dispositions:

Receivables

35.0

173.8

Inventories

144.9

(35.6)

Deferred income taxes and income taxes payable, net

(81.5)

(224.0)

Prepaid expenses and other current assets

(13.2)

(0.9)

Accounts and other payables

(56.0)

49.6

Accrued payroll

58.4

(45.9)

Other accrued liabilities

1.6

(0.9)

Litigation receivables, net of recoveries

80.2

(67.1)

Litigation accruals, net of payments

(156.8)

128.2

Net cash flows from operating activities

1,402.1

1,691.9

Cash flows from investing activities:

Additions to property, plant and equipment

(423.4)

(389.3)

Sale of property, plant and equipment

38.9

3.4

Purchase of businesses, net of cash acquired

—

(230.6)

Proceeds from divestitures, net of cash divested

648.9

76.8

Other items

(1.8)

(2.5)

Net cash flows from investing activities

262.6

(542.2)

Cash flows from financing activities:

Issuances of short-term borrowings, maturities greater than 90 days

116.4

338.0

Repayment of short-term borrowings, maturities greater than 90 days

(628.1)

(135.3)

Net repayment of other short-term borrowings, maturities less than or equal to 90 days

(258.8)

(328.3)

Issuance of long-term debt

1,000.0

—

Repayment of long-term debt

(1,031.4)

(281.3)

Debt issuance costs

(11.7)

—

Repurchase of Conagra Brands, Inc. common shares

(15.3)

(64.0)

Cash dividends paid

(669.7)

(669.2)

Exercise of stock options and issuance of other stock awards, including tax withholdings

(19.8)

(20.6)

Other items

2.3

2.4

Net cash flows from financing activities

(1,516.1)

(1,158.3)

Effect of exchange rate changes on cash and cash equivalents

1.4

(2.4)

Net change in cash and cash equivalents, including cash balances classified as assets held
for sale

150.0

(11.0)

Less: Net change in cash balances classified as assets held for sale

—

(1.3)

Net change in cash and cash equivalents

150.0

(9.7)

Cash and cash equivalents at beginning of period

68.0

77.7

Cash and cash equivalents at end of period

$

218.0

$

68.0

Conagra Brands, Inc.

Reconciliation of Q4 FY26 and FY26 Organic Net Sales by Segment - YOY Change

(in millions)

Refrigerated &

Total Conagra

Q4 FY26

Grocery & Snacks

Frozen

International

Foodservice

Brands

Net Sales

$

1,154.3

$

1,181.2

$

244.4

$

302.2

$

2,882.1

Impact of foreign exchange 1

—

—

(13.2)

—

(13.2)

Impact of 53rd week

(83.0)

(83.4)

(16.7)

(21.2)

(204.3)

Organic Net Sales

$

1,071.3

$

1,097.8

$

214.5

$

281.0

$

2,664.6

Year-over-year change - Net Sales

0.3 %

5.3 %

6.3 %

8.1 %

3.6 %

Impact of foreign exchange (pp) 1

—

—

(6.0)

—

(0.5)

Net sales from acquired businesses (pp)

—

—

—

—

—

Net sales from divested businesses (pp)

8.0

1.8

4.9

1.4

4.6

Impact of 53rd week (pp)

(7.8)

(7.6)

(7.6)

(7.7)

(7.7)

Organic Net Sales

0.5 %

(0.5) %

(2.4) %

1.8 %

— %

Volume

(3.5) %

0.3 %

(3.0) %

(0.8) %

(1.6) %

Price/Mix

4.0 %

(0.8) %

0.6 %

2.6 %

1.6 %

Refrigerated &

Total Conagra

Q4 FY25

Grocery & Snacks

Frozen

International

Foodservice

Brands

Net Sales

$

1,150.2

$

1,121.8

$

230.1

$

279.7

$

2,781.8

Net sales from divested businesses

(84.1)

(18.3)

(10.2)

(3.6)

(116.2)

Organic Net Sales

$

1,066.1

$

1,103.5

$

219.9

$

276.1

$

2,665.6

Refrigerated &

Total Conagra

FY26

Grocery & Snacks

Frozen

International

Foodservice

Brands

Net Sales

$

4,610.1

$

4,641.8

$

913.9

$

1,115.8

$

11,281.6

Impact of foreign exchange 1

—

—

(28.7)

—

(28.7)

Net sales from acquired businesses

(10.6)

—

—

(0.7)

(11.3)

Net sales from divested businesses

(7.0)

(4.9)

(1.1)

(0.2)

(13.2)

Impact of 53rd week

(83.0)

(83.4)

(16.7)

(21.2)

(204.3)

Organic Net Sales

$

4,509.5

$

4,553.5

$

867.4

$

1,093.7

$

11,024.1

Year-over-year change - Net Sales

(5.9) %

(0.4) %

(4.4) %

1.9 %

(2.9) %

Impact of foreign exchange (pp) 1

—

—

(3.2)

—

(0.3)

Net sales from acquired businesses (pp)

(0.2)

—

—

(0.1)

(0.1)

Net sales from divested businesses (pp)

7.8

1.5

7.0

1.6

4.7

Impact of 53rd week (pp)

(1.8)

(1.8)

(1.9)

(2.0)

(1.8)

Organic Net Sales

(0.1) %

(0.7) %

(2.5) %

1.4 %

(0.4) %

Volume

(2.4) %

0.3 %

(4.2) %

(2.2) %

(1.4) %

Price/Mix

2.3 %

(1.0) %

1.7 %

3.6 %

1.0 %

Refrigerated &

Total Conagra

FY25

Grocery & Snacks

Frozen

International

Foodservice

Brands

Net Sales

$

4,899.3

$

4,662.3

$

956.5

$

1,094.7

$

11,612.8

Net sales from divested businesses

(385.9)

(76.8)

(66.7)

(16.2)

(545.6)

Organic Net Sales

$

4,513.4

$

4,585.5

$

889.8

$

1,078.5

$

11,067.2

1 Excludes the impact of foreign exchange related to divested businesses.

Conagra Brands, Inc.

Reconciliation of Q4 FY26 Adj. Operating Profit by Segment - YOY Change

(in millions)

Grocery &

Refrigerated &

Corporate

Total Conagra

Q4 FY26

Snacks

Frozen

International

Foodservice

Expense

Brands

Operating Profit (Loss)

$

(13.1)

$

(1,617.1)

$

32.3

$

29.3

$

(89.7)

$

(1,658.3)

Restructuring plans

14.4

9.7

0.6

—

5.2

29.9

Goodwill and brand impairment charges

215.0

1,746.3

—

—

—

1,961.3

CEO separation costs

—

—

—

—

8.1

8.1

Corporate hedging derivative losses (gains)

—

—

—

—

(4.5)

(4.5)

Adjusted Operating Profit

$

216.3

$

138.9

$

32.9

$

29.3

$

(80.9)

$

336.5

Operating Profit (Loss) Margin

(1.1) %

(136.9) %

13.2 %

9.7 %

(57.5) %

Adjusted Operating Profit Margin

18.7 %

11.8 %

13.4 %

9.7 %

11.7 %

Year-over-year % change - Operating Profit

N/A

N/A

(8.0) %

(6.9) %

9.7 %

N/A

Year-over year % change - Adjusted Operating Profit

(4.1) %

(18.5) %

(7.1) %

(6.9) %

3.4 %

(12.5) %

Year-over-year bps change - Operating Profit

N/A

N/A

(207) bps

(156) bps

N/A

Year-over-year bps change - Adjusted Operating Profit

(87) bps

(343) bps

(195) bps

(156) bps

(215) bps

Grocery &

Refrigerated &

Corporate

Total Conagra

Q4 FY25

Snacks

Frozen

International

Foodservice

Expense

Brands

Operating Profit

$

209.5

$

126.5

$

35.2

$

31.5

$

(81.7)

$

321.0

Restructuring plans

4.9

2.0

0.1

—

4.0

11.0

Brand impairment charges

11.2

42.0

—

—

—

53.2

Legal matter recoveries

—

—

—

—

(10.5)

(10.5)

Acquisitions and divestitures

—

—

—

—

0.8

0.8

Corporate hedging derivative losses (gains)

—

—

—

—

9.1

9.1

Adjusted Operating Profit

$

225.6

$

170.5

$

35.3

$

31.5

$

(78.3)

$

384.6

Operating Profit Margin

18.2 %

11.3 %

15.3 %

11.3 %

11.5 %

Adjusted Operating Profit Margin

19.6 %

15.2 %

15.4 %

11.3 %

13.8 %

Conagra Brands, Inc.

Reconciliation of FY26 Adj. Operating Profit by Segment - YOY Change

(in millions)

Grocery &

Refrigerated &

Corporate

Total Conagra

FY26

Snacks

Frozen

International

Foodservice

Expense

Brands

Operating Profit (Loss)

$

690.4

$

(2,235.9)

$

133.5

$

114.3

$

(330.7)

$

(1,628.4)

Restructuring plans

20.6

8.1

0.9

—

16.1

45.7

Legal matter recoveries

—

—

—

—

(37.4)

(37.4)

Loss (gain) on sale of business

(42.7)

0.5

—

—

—

(42.2)

Goodwill and brand impairment charges

216.7

2,712.9

—

—

—

2,929.6

Acquisitions and divestitures

—

—

—

—

1.5

1.5

Environmental matters

—

—

—

—

5.4

5.4

CEO separation costs

—

—

—

—

8.1

8.1

Corporate hedging derivative losses (gains)

—

—

—

—

(3.6)

(3.6)

Adjusted Operating Profit

$

885.0

$

485.6

$

134.4

$

114.3

$

(340.6)

$

1,278.7

Operating Profit (Loss) Margin

15.0 %

(48.2) %

14.6 %

10.2 %

(14.4) %

Adjusted Operating Profit Margin

19.2 %

10.5 %

14.7 %

10.2 %

11.3 %

Year-over-year % change - Operating Profit

(30.2) %

N/A

(6.5) %

(12.8) %

(17.2) %

N/A

Year-over year % change - Adjusted Operating Profit

(13.0) %

(25.5) %

(6.7) %

(12.8) %

10.2 %

(21.8) %

Year-over-year bps change - Operating Profit

(522) bps

N/A

(32) bps

(172) bps

N/A

Year-over-year bps change - Adjusted Operating Profit

(156) bps

(351) bps

(35) bps

(172) bps

(274) bps

Grocery &

Refrigerated &

Corporate

Total Conagra

FY25

Snacks

Frozen

International

Foodservice

Expense

Brands

Operating Profit

$

989.4

$

500.8

$

142.8

$

131.0

$

(399.4)

$

1,364.6

Restructuring plans

15.7

80.5

(1.2)

—

6.7

101.7

Impairment of business held for sale

—

27.2

—

—

—

27.2

Loss on sale of business

—

—

2.3

—

—

2.3

Acquisitions and divestitures

—

—

—

—

1.1

1.1

Brand impairment charges

11.9

60.2

—

—

—

72.1

Legal matters, net of recoveries

—

—

—

—

88.7

88.7

Fire related insurance recoveries

—

(17.0)

—

—

—

(17.0)

Consulting fees on tax matters

—

—

—

—

2.0

2.0

Corporate hedging derivative losses (gains)

—

—

—

—

(8.2)

(8.2)

Adjusted Operating Profit

$

1,017.0

$

651.7

$

143.9

$

131.0

$

(309.1)

$

1,634.5

Operating Profit Margin

20.2 %

10.7 %

14.9 %

12.0 %

11.8 %

Adjusted Operating Profit Margin

20.8 %

14.0 %

15.1 %

12.0 %

14.1 %

Conagra Brands, Inc.

Reconciliation of Q4 FY26 Adj. Gross Margin, Adj. Gross Profit, Adj. SG&A, Adj. Net Income, and Adj. EPS - YOY

(in millions)

Q4 FY26

Gross profit

Selling, general
and
administrative
expenses 1

Operating
profit (loss)

Income (loss)
before income
taxes

Income tax
expense
(benefit)

Income tax rate

Net income
(loss)
attributable to
Conagra
Brands, Inc.

Diluted EPS
from income
(loss)
attributable to
Conagra
Brands, Inc.
common
stockholders 2

Reported

$

704.1

$

401.1

$

(1,658.3)

$

(1,687.8)

$

(70.9)

$

4.2 %

$

(1,616.9)

$

(3.37)

% of Net Sales

24.4 %

13.9 %

(57.5) %

Restructuring plans

6.2

23.7

29.9

29.9

7.3

22.6

0.05

Goodwill and brand impairment charges

—

—

1,961.3

1,961.3

132.8

1,828.5

3.81

Ardent JV restructuring activities

—

—

—

1.7

0.4

1.3

—

Ardent JV asset impairment

—

—

—

2.4

0.6

1.8

—

CEO separation costs

—

8.1

8.1

8.1

—

8.1

0.02

Corporate hedging derivative losses (gains)

(4.5)

—

(4.5)

(4.5)

(1.1)

(3.4)

(0.01)

Pension settlement and valuation adjustment

—

—

—

(22.5)

(5.4)

(17.1)

(0.03)

Unusual tax items

—

—

—

(1.6)

(4.6)

3.0

0.01

Rounding

—

—

—

—

—

—

(0.01)

Adjusted

$

705.8

$

369.3

$

336.5

$

287.0

$

59.1

20.6 %

$

227.9

$

0.47

% of Net Sales

24.5 %

12.8 %

11.7 %

Year-over-year % of net sales change - reported

(99) bps

194 bps

N/A

Year-over-year % of net sales change - adjusted

(130) bps

85 bps

(215) bps

Year-over-year change - reported

(0.4) %

20.4 %

N/A

N/A

N/A

N/A

N/A

Year-over-year change - adjusted

(1.6) %

11.0 %

(12.5) %

(17.4) %

(23.6) %

(15.6) %

(16.1) %

Q4 FY25

Gross profit

Selling, general
and
administrative
expenses 1

Operating
profit

Income before
income taxes

Income tax
expense

Income tax rate

Net income
attributable to
Conagra
Brands, Inc.

Diluted EPS
from income
attributable to
Conagra
Brands, Inc.
common
stockholders

Reported

$

707.2

$

333.0

$

321.0

$

293.2

$

37.2

$

12.7 %

$

256.0

$

0.53

% of Net Sales

25.4 %

12.0 %

11.5 %

Restructuring plans

1.0

10.0

11.0

11.0

2.7

8.3

0.02

Brand impairment charges

—

—

53.2

53.2

12.3

40.9

0.09

Corporate hedging derivative losses (gains)

9.1

—

9.1

9.1

2.3

6.8

0.01

Legal matter recoveries

—

(10.5)

(10.5)

(10.5)

(2.6)

(7.9)

(0.02)

Acquisitions and divestitures

—

0.8

0.8

0.8

0.1

0.7

—

Ardent JV restructuring activities

—

—

—

3.6

0.8

2.8

0.01

Valuation allowance adjustment

—

—

—

—

27.7

(27.7)

(0.06)

Pension settlement gain

—

—

—

(13.0)

(3.2)

(9.8)

(0.02)

Adjusted

$

717.3

$

332.7

$

384.6

$

347.4

$

77.3

$

22.3 %

$

270.1

$

0.56

% of Net Sales

25.8 %

12.0 %

13.8 %

1 Includes advertising and promotion (A&P) expense of $67.3 million and $62.1 million for Q4 FY26 and Q4 FY25, respectively. A&P as a percentage of net sales was 2.3% and 2.2% for Q4 FY26 and Q4 FY25, respectively.

2 In Q4 FY26, we reported a GAAP net loss. In periods when we recognize a net loss, we exclude the impact of outstanding stock awards from the diluted loss per share calculation, as their inclusion would have an anti-dilutive effect. The adjusted diluted earnings per share calculation includes the impact of outstanding stock awards.

Conagra Brands, Inc.

Reconciliation of FY26 Adj. Gross Margin, Adj. Gross Profit, Adj. SG&A, Adj. Net Income, and Adj. EPS - YOY Change

(in millions)

FY26

Gross profit

Selling, general
and
administrative
expenses 1

Operating
profit (loss)

Income (loss)
before income
taxes

Income tax
expense

Income tax rate

Net income
(loss)
attributable to
Conagra
Brands, Inc.

Diluted EPS from
income (loss)
attributable to
Conagra Brands,
Inc. common
stockholders 2

Reported

$

2,698.4

$

1,439.4

$

(1,628.4)

$

(1,824.4)

$

91.8

$

(5.0) %

$

(1,916.2)

$

(4.00)

% of Net Sales

23.9 %

12.8 %

(14.4) %

Restructuring plans

11.9

33.8

45.7

45.7

11.1

34.6

0.07

Goodwill and brand impairment charges

—

—

2,929.6

2,929.6

198.2

2,731.4

5.69

Acquisitions and divestitures

—

1.5

1.5

1.5

0.4

1.1

—

Loss (gain) on sale of business

—

—

(42.2)

(42.2)

(73.9)

31.7

0.07

Legal matter recoveries

—

(37.4)

(37.4)

(37.4)

(9.1)

(28.3)

(0.06)

Ardent JV restructuring activities

—

—

—

7.5

1.8

5.7

0.01

Ardent JV asset impairment

—

—

—

2.4

0.6

1.8

—

Environmental matters

—

5.4

5.4

5.4

1.3

4.1

0.01

CEO separation costs

—

8.1

8.1

8.1

—

8.1

0.02

Corporate hedging derivative losses (gains)

(3.6)

—

(3.6)

(3.6)

(0.9)

(2.7)

—

Pension settlement and valuation adjustment

—

—

—

(22.5)

(5.4)

(17.1)

(0.03)

Unusual tax items

—

—

—

(0.3)

30.6

(30.9)

(0.06)

Adjusted

$

2,706.7

$

1,428.0

$

1,278.7

$

1,069.8

$

246.5

$

23.0 %

$

823.3

$

1.72

% of Net Sales

24.0 %

12.7 %

11.3 %

Year-over-year % of net sales change - reported

(194) bps

(48) bps

N/A

Year-over-year % of net sales change - adjusted

(175) bps

99 bps

(274) bps

Year-over-year change - reported

(10.2) %

(6.4) %

N/A

N/A

2345.1 %

N/A

N/A

Year-over-year change - adjusted

(9.4) %

5.4 %

(21.8) %

(24.7) %

(22.6) %

(25.3) %

(25.2) %

FY25

Gross profit

Selling, general
and
administrative
expenses 1

Operating
profit

Income before
income taxes

Income tax
expense

Income tax rate

Net income
attributable to
Conagra
Brands, Inc.

Diluted EPS from
income
attributable to
Conagra Brands,
Inc. common
stockholders

Reported

$

3,003.5

$

1,537.3

$

1,364.6

$

1,156.2

$

3.7

$

0.3 %

$

1,152.4

$

2.40

% of Net Sales

25.9 %

13.2 %

11.8 %

Restructuring plans

10.6

91.1

101.7

101.7

24.7

77.0

0.16

Acquisitions and divestitures

—

1.1

1.1

1.1

0.2

0.9

—

Corporate hedging derivative losses (gains)

(8.2)

—

(8.2)

(8.2)

(2.0)

(6.2)

(0.01)

Fire related insurance recoveries

(17.0)

—

(17.0)

(17.0)

(4.2)

(12.8)

(0.03)

Pension settlement gain

—

—

—

(13.0)

(3.2)

(9.8)

(0.02)

Impairment of business held for sale

—

—

27.2

27.2

4.3

22.9

0.05

Loss on sale of business

—

—

2.3

2.3

0.8

1.5

—

Brand impairment charges

—

—

72.1

72.1

16.7

55.4

0.12

Consulting fees on tax matters

—

2.0

2.0

2.0

0.5

1.5

—

Legal matters, net of recoveries

—

88.7

88.7

88.7

21.7

67.0

0.14

Ardent JV restructuring activities

—

—

—

7.2

1.7

5.5

0.01

Valuation allowance adjustment

—

—

—

—

253.5

(253.5)

(0.53)

Rounding

—

—

—

—

—

—

0.01

Adjusted

$

2,988.9

$

1,354.4

$

1,634.5

$

1,420.3

$

318.4

$

22.4 %

$

1,101.8

$

2.30

% of Net Sales

25.7 %

11.7 %

14.1 %

1 Includes advertising and promotion (A&P) expense of $279.4 million and $263.2 million for FY26 and FY25, respectively. A&P as a percentage of net sales was 2.5% and 2.3% for FY26 and FY25, respectively.

2 In FY26, we reported a GAAP net loss. In periods when we recognize a net loss, we exclude the impact of outstanding stock awards from the diluted loss per share calculation, as their inclusion would have an anti-dilutive effect. The adjusted diluted earnings per share calculation includes the impact of outstanding stock awards.

Conagra Brands, Inc.

Reconciliation of Q4 FY26 and FY26 Adj. Pension and Postretirement Non-service Income and Adj. Equity Method Investment Earnings

(in millions)

Q4 FY26

Q4 FY25

% Change

Pension and postretirement non-service income

$

27.6

$

16.6

67.1 %

Pension settlement and valuation adjustment

(22.5)

(13.0)

73.1 %

Adjusted pension and postretirement non-service income

$

5.1

$

3.6

41.7 %

FY26

FY25

% Change

Pension and postretirement non-service income

$

45.9

$

25.9

77.5 %

Pension settlement and valuation adjustment

(22.5)

(13.0)

73.1 %

Adjusted pension and postretirement non-service income

$

23.4

$

12.9

81.4 %

Q4 FY26

Q4 FY25

% Change

Equity method investment earnings

$

42.6

$

57.4

(25.8) %

Ardent JV restructuring activities

1.7

3.6

(52.8) %

Ardent JV asset impairment

2.4

—

100.0 %

Unusual tax items

(1.6)

—

(100.0) %

Adjusted equity method investment earnings

$

45.1

$

61.0

(26.1) %

FY26

FY25

% Change

Equity method investment earnings

$

140.7

$

182.4

(22.8) %

Ardent JV restructuring activities

7.5

7.2

4.2 %

Ardent JV asset impairment

2.4

—

100.0 %

Unusual tax items

(0.3)

—

(100.0) %

Adjusted equity method investment earnings

$

150.3

$

189.6

(20.7) %

Conagra Brands, Inc.

Reconciliation of FY26 Free Cash Flow, Net Debt, and Net Leverage Ratio

(in millions)

FY26

FY25

% Change

Net cash flows from operating activities

$

1,402.1

$

1,691.9

(17.1) %

Additions to property, plant and equipment

(423.4)

(389.3)

8.8 %

Free cash flow

$

978.7

$

1,302.6

(24.9) %

May 31, 2026

May 25, 2025

Notes payable

$

34.2

$

804.7

Current installments of long-term debt

778.2

1,028.8

Senior long-term debt, excluding current installments

6,456.0

6,234.1

Total Debt

$

7,268.4

$

8,067.6

Less: Cash

218.0

68.0

Net Debt

$

7,050.4

$

7,999.6

FY26

Net Debt 1

$

7,050.4

Net loss attributable to Conagra Brands, Inc.

$

(1,916.2)

Add Back: Income tax expense

91.8

Interest expense, net

382.6

Depreciation

352.9

Amortization

43.1

Earnings (loss) before interest, taxes, depreciation, and amortization (EBITDA)

$

(1,045.8)

Restructuring plans 2

37.7

Goodwill and brand impairment charges

2,929.6

Acquisitions and divestitures

1.5

Gain on sale of business

(42.2)

Legal matter recoveries

(37.4)

Ardent JV restructuring activities

7.5

Ardent JV asset impairment

2.4

Environmental matters

5.4

CEO separation costs

8.1

Corporate hedging derivative losses (gains)

(3.6)

Pension settlement and valuation adjustment

(22.5)

Unusual tax items

(0.3)

Adjusted EBITDA

$

1,840.4

Net Debt to Adjusted EBITDA 3

3.83

1 As of May 31, 2026

2 Excludes comparability items related to depreciation.

3 The Company defines its net debt leverage ratio as net debt divided by adjusted EBITDA for the trailing twelve month period.

Conagra Brands, Inc.

Reconciliation of Q4 FY26 and FY26 EBITDA - YOY Change

(in millions)

Q4 FY26

Q4 FY25

% Change

Net income (loss) attributable to Conagra Brands, Inc.

$

(1,616.9)

$

256.0

N/A

Add Back: Income tax expense (benefit)

(70.9)

37.2

Interest expense, net

99.7

101.8

Depreciation

91.5

82.0

Amortization

10.8

13.3

Earnings (loss) before interest, taxes, depreciation, and amortization

$

(1,485.8)

$

490.3

N/A

Restructuring plans 1

25.3

10.7

Goodwill and brand impairment charges

1,961.3

53.2

Ardent JV restructuring activities

1.7

3.6

Ardent JV asset impairment

2.4

—

CEO separation costs

8.1

—

Corporate hedging derivative losses (gains)

(4.5)

9.1

Pension settlement and valuation adjustment

(22.5)

(13.0)

Acquisitions and divestitures

—

0.8

Legal matter recoveries

—

(10.5)

Unusual tax items

(1.6)

—

Adjusted Earnings before interest, taxes, depreciation, and amortization

$

484.4

$

544.2

(11.0) %

FY26

FY25

% Change

Net income (loss) attributable to Conagra Brands, Inc.

$

(1,916.2)

$

1,152.4

N/A

Add Back: Income tax expense

91.8

3.7

Interest expense, net

382.6

416.7

Depreciation

352.9

336.5

Amortization

43.1

53.7

Earnings (loss) before interest, taxes, depreciation, and amortization

$

(1,045.8)

$

1,963.0

N/A

Restructuring plans 1

37.7

99.2

Goodwill and brand impairment charges

2,929.6

72.1

Acquisitions and divestitures

1.5

1.1

Loss (gain) on sale of business

(42.2)

2.3

Legal matters, net of recoveries

(37.4)

88.7

Ardent JV restructuring activities

7.5

7.2

Ardent JV asset impairment

2.4

—

Environmental matters

5.4

—

CEO separation costs

8.1

—

Corporate hedging derivative losses (gains)

(3.6)

(8.2)

Pension settlement and valuation adjustment

(22.5)

(13.0)

Unusual tax items

(0.3)

—

Fire related insurance recoveries

—

(17.0)

Impairment of business held for sale

—

27.2

Consulting fees on tax matters

—

2.0

Adjusted Earnings before interest, taxes, depreciation, and amortization

$

1,840.4

$

2,224.6

(17.3) %

1 Excludes comparability items related to depreciation.

For more information, please contact:
MEDIA: Mike Cummins
312-549-5257
[email protected]
INVESTORS: Matthew Neisius
312-549-5002
[email protected]

SOURCE Conagra Brands, Inc.

The maker of Orville Redenbacher's popcorn and Slim Jim swung to a loss in the fiscal fourth quarter and cut its dividend, as its new chief executive aims to strengthen the company with a more conservative spending strategy.

NEW YORK--(BUSINESS WIRE)---- $CXM #CX--Sprinklr announced the Summer '26 Release - introducing new AI capabilities to help customers take action on customer signals in real time.

Shares of Howmet Aerospace, Inc. (HWM) gain 249% since May 2024’s first outlier inflow.

Howmet develops and manufactures metal products for the aerospace and defense industries, including engines, fasteners, engineered structures, and forged wheels that end up on airplanes, trucks, and more around the world. Its engines are even being used for AI data center backup power. HWM’s first-quarter fiscal 2026 report showed $2.31 billion in quarterly revenue (a 19% year-over-year gain), quarterly per-share earnings of $1.22 (a 42% gain), and offered second-quarter revenue and EPS guidance of $2.4 billion and $1.23, respectively. The company reports again on Aug. 6.

It’s no wonder HWM shares are up 35% this year – and they could rise more. MoneyFlows data shows how Big Money investors are betting heavily on the forward picture of the stock.

Inflows Flying to Howmet Institutional volumes reveal plenty. In the last year, HWM has enjoyed strong investor demand, which we believe to be institutional support.

Each green bar signals unusually large volumes in HWM shares. They reflect our proprietary inflow signal, pushing the stock higher:

HWM is up 50.2% in the last year as institutional inflows drove shares higher. Source: www.moneyflows.com Plenty of industrials names are under accumulation right now. But there’s a powerful fundamental story happening with Howmet.

Howmet Fundamental Analysis Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, HWM has had strong sales and earnings growth:

3-year sales growth rate (+13.4%) 3-year EPS growth rate (+49.8%) Source: FactSet

Also, EPS is estimated to ramp higher this year by +19.7%.

Now it makes sense why the stock has been powering to new heights. HWM has a track record of strong financial performance.

Marrying great fundamentals with our proprietary software has found some big winning stocks over the long term.

Howmet has been a top-rated stock at MoneyFlows. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

It’s made the rare Outlier 20 report six times in the last year and is up 249% since the first outlier signal a little more than two years ago. The blue bar below shows when HWM was a top pick…institutional support pushes shares higher:

HWM is up 37.9% since the outlier inflow signal on Oct. 28, 2025. Source: www.moneyflows.com Tracking unusual volumes reveals the power of money flows.

This is a trait that most outlier stocks exhibit…the best of the best. Big Money demand drives stocks upward.

Howmet Price Prediction The HWM rally isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.

Disclosure: the author holds no position in HWM at the time of publication.

If you are a Registered Investment Advisor (RIA) or are a serious investor, take your investing to the next level and follow our free weekly MoneyFlows insights.

USA: Newyorský výrobní index v červenci vzrostl na 15,6 b. při očekávání 9,2 b.

NEW YORK, July 15, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Planet Fitness, Inc. (NYSE:PLNT) for potential securities fraud after its significant stock drop.

If you invested in Planet Fitness, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/planet-fitness-class-action-lawsuit.

Key Details of the Planet Fitness ($PLNT) Class Action Investigation:

Investigation Overview: Securities fraud regarding Planet Fitness’s failed marketing campaign that alienated the company’s core market and led to disappointing membership growth during the key Q1 sign-up period.Stock Decline: May 7, 2026 – 31% Stock DropAction: Contact BFA Law to discuss your rights Why is Planet Fitness Being Investigated for Securities Fraud?

Planet Fitness is a large franchisor and operator of fitness centers across the United States. The company aims to offer a fitness experience in a non-intimidating environment, which it calls the Judgement Free Zone. 

BFA is investigating whether Planet Fitness made false and misleading statements to investors regarding the purported success of its marketing campaign to focus on “fitness-minded” members.

Why did Planet Fitness’s Stock Drop?

On May 7, 2026, Planet Fitness released its Q1 2026 financial results. The company announced disappointing membership growth and cut 2026 revenue growth guidance from approximately 9% to about 7% and adjusted EBITDA growth guidance from roughly 10% to approximately 6%. During the same-day earnings call, the company stated that its marketing “may have pivoted too far” as the company “shift[ed] from [its] lighthearted approachable tone” to one that “increased penetration with the fitness-minded.”

This news caused the price of Planet Fitness stock to decline $19.95 per share, or 31%, from a closing price of $63.96 per share on May 6, 2026, to $44.01 per share on May 7, 2026.

Click here for more information: https://www.bfalaw.com/cases/planet-fitness-class-action-lawsuit.

What Can You Do?

If you invested in Planet Fitness, you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/planet-fitness-class-action-lawsuit

Or contact:

Adam McCall
[email protected]
212.789.3619

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters.

Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff’s securities litigation law firm, with clients noting: “[t]here is no better service provider in the practice area,” “[t]he interest of the client is always front and center,” and “[t]here isn’t a better firm in this space.” One testimonial described the firm as “nimble and entrepreneurial,” with a “relentless focus on adding value for clients.” 

Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/planet-fitness-class-action-lawsuit

Attorney advertising. Past results do not guarantee future outcomes.

RICHARDSON, Texas--(BUSINESS WIRE)-- #DAA--Vistance Networks (NASDAQ: VISN) announced that Liberty Puerto Rico expanded its HFC network architecture by deploying Aurora Networks' solutions.

NEW YORK, July 15, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into The Simply Good Foods Company (NASDAQ:SMPL) for potential securities fraud after its significant stock drop.

If you invested in Simply Good Foods, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/simply-good-foods-class-action-lawsuit.

Key Details of the Simply Good Foods ($SMPL) Class Action Investigation:

Investigation Overview: Securities fraud related to Simply Good Foods’ protein product distribution expansion, product quality, and execution issues.Stock Decline: April 9, 2026 – 18.11% Stock DropAction: Contact BFA Law to discuss your rights
Why is Simply Good Foods Being Investigated for Securities Fraud?

Simply Good Foods is a consumer packaged food and beverage company. The company’s products primarily consist of protein bars and ready-to-drink (“RTD”) protein shakes under the Quest and OWYN brand names. 

BFA is investigating whether Simply Good Foods made false and misleading statements to investors regarding the purported success of its initiative to expand distribution of its Quest and OWYN-branded protein products.

Why did Simply Good Foods’ Stock Drop?

On April 9, 2026, Simply Good Foods released its fiscal Q2 2026 financial results. The company announced net sales of $326 million, a 9.4% decline year-over-year, and cut 2026 guidance to a range of - 10% to - 7% year-over-year. During the corresponding earnings call, Simply Good Foods’ CEO stated that the company’s significant expansion of OWYN products experienced “a combination of a product quality issue . . . that impacted taste, texture and consumer acceptance and poor marketing execution [that] negatively impacted performance during the critical expansion window.” Simply Good Foods also revealed a $249 million impairment charge “largely the result of a challenging fiscal year 2026 and updated projections of future revenue.”

This news caused the price of Simply Good Foods stock to drop $2.61 per share, or more than 18%, from a closing price of $14.41 per share on April 8, 2026, to $11.80 per share on April 9, 2026.

Click here for more information: https://www.bfalaw.com/cases/simply-good-foods-class-action-lawsuit.

What Can You Do?

If you invested in Simply Good Foods, you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/simply-good-foods-class-action-lawsuit

Or contact:

Adam McCall
[email protected]
212.789.3619

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters.

Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff’s securities litigation law firm, with clients noting: “[t]here is no better service provider in the practice area,” “[t]he interest of the client is always front and center,” and “[t]here isn’t a better firm in this space.” One testimonial described the firm as “nimble and entrepreneurial,” with a “relentless focus on adding value for clients.” 

Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/simply-good-foods-class-action-lawsuit

Attorney advertising. Past results do not guarantee future outcomes.

PORTSMOUTH, N.H.--(BUSINESS WIRE)--Iron Mountain Incorporated (NYSE: IRM), a global leader in information management services, will report its second quarter 2026 financial results before market hours on Wednesday, August 5, 2026. The Company will also host a conference call to discuss results on the same day. The earnings press release, conference call slides, and supplemental financial information will be available at: https://investors.ironmountain.com, under “Quarterly Results” prior to the.

NEEDHAM, Mass.--(BUSINESS WIRE)--SharkNinja, Inc. (NYSE: SN), a global product design and technology company, today announced that its financial results for the second quarter 2026 will be released on Wednesday, August 5, 2026 before market open. The Company will host a live earnings conference call and webcast at 8:30 a.m. Eastern Time that same day. The link to the webcast will be available on the Investor Relations section of the Company's website at ir.sharkninja.com. Those interested in pa.

WATSONVILLE, Calif.--(BUSINESS WIRE)--July 15, 2026 -- Granite (NYSE: GVA) will release financial results for the quarter ended June 30, 2026, before market opens on Thursday, July 30, 2026. The Company will host an investor conference call at 8:00 a.m. PT, Thursday, July 30, 2026. The Company invites investors to listen to a live audio webcast of the investor conference call on its Investor Relations website, investor.graniteconstruction.com. The investor conference call will also be available.

London BTC Company Ltd (LSE:BTC, OTCQB:VINZF) shares moved 10% higher on Wednesday, rising to 1.55p, after it told investors it had expanded its Nevada precious-metals portfolio after surface sampling at its newly staked Black Star project returned grades of up to 16.23 grams per tonne gold and 50.5 g/t silver.

The company secured 36 mineral claims covering 744 acres in Pershing County, around 16 miles from the Hycroft mine. Nine mineralised rock-chip samples were reported, with five grading above 8 g/t gold. The strongest result contained 16.23 g/t gold and 49 g/t silver.

Two mineralised areas have been identified across a 2.5-kilometre corridor containing historical shafts, adits and trenches.

London BTC plans further rock-chip sampling and geological mapping before compiling targets for potential drilling. It cautioned that the samples were selective and should not be considered representative of the wider mineralised system.

Black Star is London BTC’s fourth US gold project, joining Amonett-Frank, Huntington-Whitman and Teep. Separately, the company issued 5,117,940 new shares to consultants, taking its enlarged share capital to 363,964,033 shares following admission, expected around 20 July 2026.

NEW YORK, July 15, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Tennant Company (NYSE:TNC) for potential violations of the federal securities laws.

If you invested in Tennant, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/tennant-company-class-action-lawsuit.

Key Details of the Tennant ($TNC) Class Action Investigation:

Investigation Overview: Securities fraud related to Tennant’s implementation and rollout of its new, company-wide enterprise resource planning (“ERP”) systemStock Decline: February 24, 2026 – 23.4% Stock DropAction: Contact BFA Law to discuss your rights
Why is Tennant Being Investigated for Securities Fraud?

Tennant manufactures industrial cleaning equipment, including large mechanical floor scrubbers and sweepers used in warehouses, retail stores, and other commercial facilities.

BFA is investigating whether Tennant made false and misleading statements to investors regarding the implementation and rollout of a large-scale ERP system. For instance, Tennant assured investors the project was “progressing as we’ve anticipated,” was “on time and on budget,” and that the launch of the ERP in its Asia-Pacific region had been “successful,” with Tennant stating it had “mitigated disruptions and stabilized operations.”

Why did Tennant’s Stock Drop?

On February 24, 2026, Tennant revealed that the rollout of its new ERP system in North America caused severe operational disruptions, including that it was unable to process and ship customer orders following the launch of the system. As a result, Tennant lost roughly $30 million in sales and would need to spend more than $20 million in 2026 to remediate the issues, compared to roughly $5 million the company had planned to spend.

This news caused the price of Tennant stock to drop $19.28 per share, more than 23%, from a closing price of $82.30 per share on February 23, 2026, to $63.02 per share on February 24, 2026.

Click here for more information: https://www.bfalaw.com/cases/tennant-company-class-action-lawsuit.

What Can You Do?

If you invested in Tennant, you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/tennant-company-class-action-lawsuit

Or contact:
Adam McCall
[email protected]
212.789.3619

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters.

Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff’s securities litigation law firm, with clients noting: “[t]here is no better service provider in the practice area,” “[t]he interest of the client is always front and center,” and “[t]here isn’t a better firm in this space.” One testimonial described the firm as “nimble and entrepreneurial,” with a “relentless focus on adding value for clients.” 

Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/tennant-company-class-action-lawsuit

Attorney advertising. Past results do not guarantee future outcomes.

HomeStock IdeasLong IdeasTech 

SummaryNebius Group remains a strong buy, with a $333 price target for 2028 and 72% upside potential despite recent share price volatility.NBIS faces macro headwinds, elevated interest rates, and competitive risks from Meta's excess compute capacity, but robust AI infrastructure growth continues.Consensus expects Q2 revenues of $585.8 million (457% growth) and a $0.49 loss per share, as capacity expansion drives top-line acceleration.EBITDA margins are set to improve as NBIS scales, but high CapEx and reliance on capital raises and debt remain key watch items.Looking for more investing ideas like this one? Get them exclusively at The Aerospace Forum. Learn More » alexsl/iStock Unreleased via Getty Images

Nebius Group N.V. (NBIS) has significant growth prospects with its AI infrastructure build-out, and that is one of the reasons why I marked Nebius shares as a strong buy. Since then, the stock

24.28K Followers

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

CleanSpark (CLSK) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

July 15, 2026 07:00 ET  | Source: IREN

NEW YORK, July 15, 2026 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (“IREN”) today announced the appointment of Eric Hammersley as Chief Information Security Officer.

The appointment follows the recent additions of Kambiz Aghili as Chief Product Officer and Michael Nudelman as Chief Development Officer, as IREN continues to strengthen its senior leadership team and expand its AI Cloud platform across new markets and services.

As Chief Information Security Officer, Mr. Hammersley will lead IREN’s security program across all three layers of its platform: data centers, compute and software.

Mr. Hammersley brings more than two decades of experience securing cloud platforms and critical infrastructure. He joins from Nutanix, where he served as Vice President, Engineering and Chief Product Security Officer, responsible for security governance, compliance and operational assurance across the company’s software and SaaS products.

His earlier roles include leading software product security architecture for NVIDIA’s high-performance computing environments, and senior engineering positions across the U.S. federal government and defense sector, including as Chief Engineer supporting the Joint Chiefs of Staff (J6). He is a U.S. Navy veteran.

Daniel Roberts, Co-Founder and Co-CEO of IREN, said:

“Security is core to how we design, build and operate our platform. As we deliver AI Cloud services to some of the most demanding customers in the world, Eric’s experience securing cloud platforms at scale will be invaluable.”

About IREN

IREN is a vertically integrated AI Cloud provider, delivering large-scale data centers and compute for AI training and inference. IREN’s platform is underpinned by its expansive portfolio of grid-connected land and power in renewable-rich regions across North America, Europe and APAC.

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Forward-Looking Statements

This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or IREN’s future financial or operating performance. Forward-looking statements include information concerning possible or assumed future results of operations, including descriptions of our business plan and strategies, revenue targets, expectations relating to capital expenditures, anticipated hardware deliveries, and trends we expect to affect our business. These statements often include words such as “anticipate,” “believe,” “may,” “can,” “should,” “could,” “might,” “plan,” “possible,” “project,” “strive,” “budget,” “forecast,” “expect,” “intend,” “target”, “will,” “estimate,” “predict,” “potential,” “continue,” “scheduled”. Forward-looking statements may also be made, verbally or in writing, by members of our Board or management team in connection with this news release.

These forward-looking statements are based on management’s current expectations and beliefs. These statements are neither promises nor guarantees, but involve and are subject to known and unknown risks, uncertainties and other important factors that may cause IREN’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements, including IREN’s ability to successfully execute on its growth strategies and operating plans, achieve its targeted annualized run-rate revenue and operating capacity, continue to develop its existing data center sites, design and deploy direct-to-chip liquid cooling systems, and diversify and expand into the market for high performance computing solutions (including the market for cloud services and potential colocation services), along with other important factors discussed under the caption “Risk Factors” in IREN’s Annual Report on Form 10-K, filed with Securities and Exchange Commission (the “SEC”) on August 28, 2025 and our other filings with the SEC. These and other important factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any forward-looking statement included in this press release speaks only as of the date of such statement. Except as required by law, IREN disclaims any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise.

Relx (NYSE: RELX - Get Free Report) and UMeWorld (OTCMKTS:UMEWF - Get Free Report) are both computer and technology companies, but which is the superior business? We will contrast the two businesses based on the strength of their analyst recommendations, profitability, earnings, institutional ownership, valuation, dividends and risk. Risk and Volatility Relx has a beta of

The collaboration accelerates digital risk processing by integrating comprehensive data and analytics directly into AI-enabled digital underwriting workflows

, /PRNewswire/ -- Cytora and LexisNexis® Risk Solutions have announced a strategic relationship to embed best-in-class data and advanced analytics from LexisNexis Risk Solutions directly into the Cytora platform to help U.S. commercial insurance companies scale their ability to assess, predict and manage risk.

For U.S. commercial insurers, a centralized and automated approach to underwriting can help deliver unparalleled insight into risk selection. Commercial insurers leveraging Cytora's configurable, LLM-powered platform can tailor essential information from LexisNexis Risk Solutions to their own unique underwriting criteria, helping to enhance speed and accuracy in critical processes such as submission triage and entity resolution.

This approach empowers commercial insurers to automatically enrich submissions with crucial external information, minimizing manual lookups and reducing friction across underwriting workflows. As a result of the collaboration, commercial insurers can substantially improve the speed of their risk decisioning.

Cytora's platform digitizes each incoming risk, augments it with external data sources, evaluates it against configured rules and routes it for automated or manual underwriting. LexisNexis Risk Solutions brings industry-leading data analytics solutions to provide a more thorough picture of risk, as well as proprietary linking technology for individual business entity resolution, to help ensure that risk information is transformed into decision-ready assets across the entire policy lifecycle, from new business to claims and renewals. The incorporation of U.S. commercial business firmographics data via LexisNexis® Commercial Data Prefill represents the first step in integrating additional LexisNexis Risk Solutions commercial insurance products into the Cytora platform.  

Juan de Castro, COO at Cytora, said: "This collaboration marks a significant milestone in Cytora's mission to build one of the world's most comprehensive data ecosystems for insurers. LexisNexis Risk Solutions is renowned for providing essential information and advanced data analytics to the insurance industry. By integrating their robust risk data directly into our platform, we are providing our commercial insurance clients with the intelligence needed to accelerate their decision-making and enhance control over risk selection. Together, we can enable underwriters to operate on a more complete, tailored view of the client risk profile, helping to optimize operational efficiency and drive profitability across all lines of business."

David Zona, senior vice president and general manager, U.S. commercial and life insurance, LexisNexis Risk Solutions, said: "Working with Cytora represents a strategic leap forward, specifically benefitting U.S. commercial insurers. By combining cutting-edge AI with unparalleled data intelligence, we can transform underwriting from a reactive process into a proactive, insight-driven discipline and at the same time deliver innovation at scale through precision risk assessment, while reducing friction. This empowers our mutual commercial insurer customers to help streamline critical processes, leverage sophisticated data analytics to best understand granular and book-of-business risk and accelerate their decision-making using highly automated workflows to drive sustainable growth."

About Cytora
Cytora is the pioneer of Generative AI applied to commercial insurance workflows that digitize risk workflows at unparalleled levels of performance, configurability and scalability across the enterprise. With Cytora, brokers, insurers and reinsurers uplift their premiums, improve control over risk selection and transform service. 

About LexisNexis Risk Solutions
LexisNexis® Risk Solutions harnesses the power of data, sophisticated analytics platforms and technology solutions to provide insights that help businesses across multiple industries and governmental entities reduce risk and improve decisions to benefit people around the globe. Headquartered in metro Atlanta, Georgia, we have offices throughout the world and are part of RELX (LSE: REL/NYSE: RELX), a global provider of information-based analytics and decision tools for professional and business customers.

For the insurance industry, LexisNexis Risk Solutions is a leading provider of data and advanced analytics solutions, helping leading insurance companies automate and improve critical business processes, reduce expenses, combat fraud and gain pivotal insights to differentiate and deliver higher levels of customer experience across multiple lines of business. Please visit https://risk.lexisnexis.com/insurance for more information.

Media Contacts:
Regina Haas
Sr. Director, Communications
Insurance and Connected Car and Coplogic Solutions
[email protected]
+1.678.896.1463

SOURCE LexisNexis Risk Solutions

Relx Plc (NYSE: RELX - Get Free Report) has been given an average recommendation of "Moderate Buy" by the seven ratings firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the

LexisNexis® Life Insurance Consumer Experience Study Explores Pain Points and Potential Ways to Improve the Life Insurance Application Process

, /PRNewswire/ -- LexisNexis® Risk Solutions today announced findings from a new consumer research study examining attitudes and perceptions about the life insurance application process, as the industry looks for ways to deliver faster life insurance underwriting and reduce life insurance application dropout rates. The research asked life insurance applicants about the effort involved and the time it takes to complete an application, offering updated insight into where the process creates challenges that can leave applicants less satisfied and, in some cases lead them to abandon the process entirely. The study also explored applicants' attitudes toward sharing their medical information with life insurers – and found that patient portals were the preferred method, compared to medical record exchanges and manual processes. The findings imply that life insurance carriers may be missing out on some new ways to align to consumer behavior and preferences which can shorten timelines and improve the applicant experience.

Key Findings:  

79% of applicants cited the amount of required effort is the lead reason for abandoning the life insurance application process. Among life insurance applicants who abandoned the process, 63% pointed to the time required as one of the top reasons for dropping out.   Among those who completed or abandoned the life insurance application process and find the process time unacceptable, 91% say it negatively impacts their overall satisfaction. 60% said a reason for abandonment was having to fill in all their medical details, and 56% said it was too difficult to gather all the information about health care providers for the life insurance application. Online patient portals are applicants' preferred method of sharing medical information with a life insurance carrier, outranking medical record exchanges and manual processes.  Online patient portal adoption is already widespread – 82% of life insurance applicants report having access to a patient portal for their primary care physician (PCP), and 91% have used one within the past 12 months.  Preference for online patient portals is driven largely by ease of use (77%), completeness of information (74%) and speed of record retrieval (65%). Below, LexisNexis Risk Solutions expands on these key findings, outlined in a newly published report highlighting the specific areas of the life insurance application process where applicants experience the greatest challenges.

Life insurance application pain point: Effort
In the report, 79% of applicants cited the amount of required effort as the lead reason for abandoning the life insurance application process. The research highlights the fact that effort, time and medical exams influence how life insurance applicants respond to the process. The greatest sources of effort stem from providing detailed medical information — 60% of applicants describe the hassle in filling out medical conditions and 56% mentioned it is too difficult to collect doctor information.

Life insurance application pain point: Time
Among life insurance applicants who abandoned the application process, 63% pointed to the time required as one of the top reasons for dropping out. Even applicants who complete the process experience meaningful friction: 36% of these respondents indicated time to complete an application is a pain point. Among those who completed the application process and find the process time unacceptable, 91% say it negatively impacts their satisfaction with the application process.

When application timelines extended beyond expectations, nearly one-third (33%) considered switching to a different carrier, and 26% considered abandoning their application altogether. The study identifies a clear threshold for acceptability. Nineteen percent of applicants view application timelines of five weeks or longer as highly unacceptable, compared with 1% for two-week timelines and 5% for timelines of three to four weeks.

Patient Portals Preferred for Medical Information Sharing
Online patient portals are applicants' preferred method for sharing their medical information, outranking medical record exchanges and manual processes. Applicants underscored their preference for online patient portals – 77% indicated preference is driven by ease of providing access to medical records, 74% cited completeness of medical information and 65% prefer online patient portals based on the speed of record retrieval. Adoption of online patient portals is already widespread – 82% of applicants have access to a patient portal through their PCP, and 91% have accessed it multiple times in the past 12 months.  

"We conducted this research to get updated insights on how life insurance applicants respond to the process, what impacts satisfaction and what ultimately drives abandonment," said Justin Baker, associate vice president, life insurance, LexisNexis Risk Solutions. "Life insurance applicants indicated that providing medical data continues to be a key driver of time and dissatisfaction and they are ready for a new, easier process for sharing medical information. We confirmed that despite conventional industry understanding of preference, there are many opportunities for the life insurance industry to positively influence the consumer experience, considering that when healthier consumers drop out, business opportunities are lost and costs increase." 

"Solving for multiple areas of friction at once allows life insurance carriers to align the application experience with consumer expectations, instead of simply relocating the problem," said Baker. "Life insurers that streamline medical record collection and align with how consumers already access their health data can improve customer satisfaction, reduce application dropout rates and drive stronger business outcomes."

For more information on the LexisNexis® Life Insurance Consumer Experience Study and to download a copy of the research, visit "Reimagining Medical Data Sharing in Life Insurance Underwriting." To learn more about how LexisNexis Risk Solutions is helping life insurers get electronic medical records faster to shorten decision timelines, improve costs and benefit their customers, explore LexisNexis® Health Intelligence and our approach to consumer mediated consent.

About the Research
LexisNexis Risk Solutions commissioned a third-party research firm to conduct an online survey and collect feedback from a representative sample of consumers considered to be "in the life insurance market." The firm completed 2,502 surveys among consumers aged 25 to 75, who had shopped for or applied for a personal life insurance policy within the past five years. Results were analyzed across application outcomes to understand how friction affects consumer behavior and attitudes toward sharing medical information.

About LexisNexis Risk Solutions
LexisNexis® Risk Solutions leverages the power of data, advanced analytics platforms and integrated AI solutions to provide insights that help businesses across multiple industries and governmental entities reduce risk and improve decisions to benefit people around the globe. Headquartered in metro Atlanta, Georgia, we have offices throughout the world and are part of RELX (LSE: REL/NYSE: RELX), a global provider of information-based analytics and decision tools for professional and business customers. For more information, please visit LexisNexis Risk Solutions and RELX. 

Media Contacts:
Emma Valenti
Sr. Communications Specialist, Insurance
[email protected]
+1 470.550.7793 

SOURCE LexisNexis Risk Solutions

RELX PLC (RELX) Discusses Business Services Strategy and Innovation in Fraud and Identity Solutions Transcript

RELX PLC (RELX - Free Report) has been beaten down lately with too much selling pressure. While the stock has lost 11.4% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.

We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of price movements.

RSI oscillates between zero and 100. Usually, a stock is considered oversold when its RSI reading falls below 30.

Technically, every stock oscillates between being overbought and oversold irrespective of the quality of their fundamentals. And the beauty of RSI is that it helps you quickly and easily check if a stock's price is reaching a point of reversal.

So, by this measure, if a stock has gotten too far below its fair value just because of unwarranted selling pressure, investors may start looking for entry opportunities in the stock for benefiting from the inevitable rebound.

However, like every investing tool, RSI has its limitations, and should not be used alone for making an investment decision.

Here's Why RELX Could Experience a TurnaroundThe RSI reading of 26.82 for RELX is an indication that the heavy selling could be in the process of exhausting itself, so the stock could bounce back in a quest for reaching the old equilibrium of supply and demand.

The RSI value is not the only factor that indicates a potential turnaround for the stock in the near term. On the fundamental side, there has been strong agreement among the sell-side analysts covering the stock in raising earnings estimates for the current year. Over the last 30 days, the consensus EPS estimate for RELX has increased 2.1%. And an upward trend in earnings estimate revisions usually translates into price appreciation in the near term.

Moreover, RELX currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. This is a more conclusive indication of the stock's potential turnaround in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .