Consumer packaged food company ConAgra Brands (CAG) declined 1.2% after the company reaffirmed its fiscal 2026 targets and emphasized achieving organic net sales growth and portfolio transformation amid inflationary pressures. The company reported a 0.6% decline in organic net sales to $2.6 billion for the first quarter of fiscal 2026, with adjusted gross margin and operating profit margin also declining. ConAgra plans to invest $450 million in capital expenditures and maintain its annual dividend rate of $1.40 per share.