CONAGRA BRANDS INC.
Business
Conagra Brands is a North American branded food company that manufactures and sells shelf-stable, refrigerated, and frozen food products under brands including Birds Eye, Duncan Hines, Healthy Choice, Marie Callender's, Reddi-wip, and Slim Jim. The company offers branded, value-added consumer food products as well as foodservice items and ingredients through retail chains, foodservice establishments, and e-commerce platforms. Operations span four reportable segments: Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice, serving diverse retail and foodservice channels primarily in the United States and select international markets.
Summary from 10-K filed 2026-07-15
Financials
Consolidated Statement of Income
| Concept | Trend | May 31, 2026 2026-05-31 | May 25, 2025 2025-05-25 | May 26, 2024 2024-05-26 |
|---|---|---|---|---|
| Consolidated Statements of Operations | — | — | — | |
| Net sales | 11,282 | 11,613 | 12,051 | |
| Cost of goods sold | 8,583 | 8,609 | 8,718 | |
| Gross profit | 2,698 | 3,004 | 3,333 | |
| Selling, general and administrative expenses | 1,439 | 1,537 | 1,488 | |
| Goodwill impairment charges | 2,382 | — | 527 | |
| Other intangible asset impairment charges | 547 | 72 | 430 | |
| Loss (gain) on divestitures | 42 | −30 | −36 | |
| Operating profit (loss) | −1,628 | 1,365 | 853 | |
| Pension and postretirement non-service income | −46 | −26 | −10 | |
| Interest expense, net | −383 | −417 | −431 | |
| Equity method investment earnings | 141 | 182 | 178 | |
| Income (loss) before income taxes | −1,824 | 1,156 | 610 | |
| Income tax expense | 92 | 4 | 263 | |
| Net income (loss) | −1,916 | 1,153 | 348 | |
| Less: Net income attributable to noncontrolling interests | — | 100,000 | 500,000 | |
| Net income (loss) attributable to Conagra Brands, Inc. | −1,916 | 1,152 | 347 | |
| Earnings (loss) per share - basic | — | — | — | |
| Net income (loss) attributable to Conagra Brands, Inc. common stockholders (in dollars per share) | −4 | 2.41 | 0.73 | |
| Earnings (loss) per share - diluted | — | — | — | |
| Net income (loss) attributable to Conagra Brands, Inc. common stockholders (in dollars per share) | −4 | 2.4 | 0.72 |
Consolidated Balance Sheet
| Concept | Trend | May 31, 2026 2026-05-31 | May 25, 2025 2025-05-25 |
|---|---|---|---|
| Consolidated Balance Sheets | — | — | |
| ASSETS | — | — | |
| Cash and cash equivalents | 218 | 68 | |
| Receivables, less allowance for doubtful accounts of $3.9 and $3.6 | 658 | 770 | |
| Inventories | 1,905 | 2,048 | |
| Prepaid expenses and other current assets | 101 | 91 | |
| Current assets held for sale | — | 94 | |
| Total current assets | 2,882 | 3,071 | |
| Property, plant and equipment | — | — | |
| Land and land improvements | 165 | 161 | |
| Buildings, machinery and equipment | 5,756 | 5,516 | |
| Furniture, fixtures, office equipment and other | 690 | 654 | |
| Construction in progress | 233 | 227 | |
| Property, plant and equipment gross | 6,843 | 6,558 | |
| Less accumulated depreciation | 3,980 | 3,732 | |
| Property, plant and equipment, net | 2,863 | 2,827 | |
| Goodwill | 8,119 | 10,502 | |
| Brands, trademarks and other intangibles, net | 1,831 | 2,421 | |
| Other assets | 1,566 | 1,571 | |
| Noncurrent assets held for sale | 13 | 542 | |
| Assets | 17,274 | 20,934 | |
| Current liabilities | — | — | |
| Notes payable | 34 | 805 | |
| Current installments of long-term debt | 778 | 1,029 | |
| Accounts and other payables | 1,513 | 1,590 | |
| Accrued payroll | 202 | 146 | |
| Other accrued liabilities | 661 | 745 | |
| Current liabilities held for sale | — | 3 | |
| Total current liabilities | 3,188 | 4,317 | |
| Senior long-term debt, excluding current installments | 6,456 | 6,234 | |
| Deferred income taxes | 693 | 810 | |
| Other noncurrent liabilities | 579 | 640 | |
| Noncurrent liabilities held for sale | — | 200,000 | |
| Total liabilities | 10,917 | 12,001 | |
| Commitments and contingencies (Note 16) | — | — | |
| Common stockholders' equity | — | — | |
| Common stock of $5 par value, authorized 1,200,000,000 shares; issued 584,219,229 | 2,921 | 2,921 | |
| Additional paid-in capital | 2,316 | 2,347 | |
| Retained earnings | 4,172 | 6,759 | |
| Accumulated other comprehensive income (loss) | 7 | 16 | |
| Less treasury stock, at cost, 105,666,163 and 106,846,304 common shares | 3,059 | 3,111 | |
| Total Conagra Brands, Inc. common stockholders' equity | — | — | |
| Total stockholders' equity | 6,358 | 8,933 | |
| Liabilities and Equity | 17,274 | 20,934 |
Consolidated Statement of Cash Flows
| Concept | Trend | May 31, 2026 2026-05-31 | May 25, 2025 2025-05-25 | May 26, 2024 2024-05-26 |
|---|---|---|---|---|
| Consolidated Statements of Cash Flows | — | — | — | |
| Cash flows from operating activities: | — | — | — | |
| Net income (loss) | −1,916 | 1,153 | 348 | |
| Adjustments to reconcile income (loss) to net cash flows from operating activities: | — | — | — | |
| Depreciation and amortization | 396 | 390 | 401 | |
| Asset impairment charges | 2,951 | 150 | 999 | |
| Loss (gain) on divestitures | 42 | −30 | −36 | |
| Equity method investment earnings less than (in excess of) distributions | −400,000 | 22 | −74 | |
| Stock-settled share-based payments expense | 55 | 42 | 31 | |
| Contributions to pension plans | 11 | 12 | 12 | |
| Pension benefit | −37 | −20 | −600,000 | |
| Other items | −5 | 5 | 16 | |
| Change in operating assets and liabilities excluding effects of business acquisitions and dispositions: | — | — | — | |
| Receivables | −35 | −174 | −77 | |
| Inventories | −145 | 36 | −132 | |
| Deferred income taxes and income taxes payable, net | 82 | 224 | 81 | |
| Prepaid expenses and other current assets | 13 | 900,000 | 2 | |
| Accounts and other payables | −56 | 50 | −23 | |
| Accrued payroll | 58 | −46 | 30 | |
| Other accrued liabilities | 2 | −900,000 | −20 | |
| Litigation receivables, net of recoveries | −80 | 67 | 15 | |
| Litigation accruals, net of payments | −157 | 128 | 25 | |
| Net cash flows from operating activities | 1,402 | 1,692 | 2,016 | |
| Cash flows from investing activities: | — | — | — | |
| Additions to property, plant and equipment | 423 | 389 | 388 | |
| Sale of property, plant and equipment | 39 | 3 | 800,000 | |
| Purchase of marketable securities | — | — | 10 | |
| Sales of marketable securities | — | — | 10 | |
| Purchase of businesses, net of cash acquired | — | 231 | — | |
| Proceeds from divestitures, net of cash divested | 649 | 77 | — | |
| Proceeds from insurance recoveries | — | — | 12 | |
| Other items | 2 | 3 | −400,000 | |
| Net cash flows from investing activities | 263 | −542 | −375 | |
| Cash flows from financing activities: | — | — | — | |
| Issuance of short-term borrowings, maturities greater than 90 days | 116 | 338 | 467 | |
| Repayment of short-term borrowings, maturities greater than 90 days | 628 | 135 | 186 | |
| Net repayment of other short-term borrowings, maturities less than or equal to 90 days | −259 | −328 | 10 | |
| Issuance of long-term debt | 1,000 | — | 500 | |
| Repayment of long-term debt | 1,031 | 281 | 1,773 | |
| Debt issuance costs | 12 | — | 3 | |
| Repurchase of Conagra Brands, Inc. common shares | 15 | 64 | — | |
| Cash dividends paid | 670 | 669 | 659 | |
| Exercise of stock options and issuance of other stock awards, including tax withholdings | 20 | 21 | 14 | |
| Other items | 2 | 2 | 2 | |
| Net cash flows from financing activities | −1,516 | −1,158 | −1,657 | |
| Effect of exchange rate changes on cash and cash equivalents | 1 | −2 | 1 | |
| Net change in cash and cash equivalents, including cash balances classified as assets held for sale | 150 | −11 | −15 | |
| Less: Net change in cash balances classified as assets held for sale | — | −1 | 700,000 | |
| Net change in cash and cash equivalents | 150 | −10 | −16 | |
| Cash and cash equivalents at beginning of year | 68 | 78 | 93 | |
| Cash and cash equivalents at end of year | 218 | 68 | 78 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is CONAGRA BRANDS INC.'s CIK number?
CONAGRA BRANDS INC.'s SEC CIK number is 0000023217 (23217). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find CONAGRA BRANDS INC.'s SEC filings?
All of CONAGRA BRANDS INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did CONAGRA BRANDS INC. last report earnings?
CONAGRA BRANDS INC. (CAG) most recently filed an earnings 8-K with the SEC on Jul 15, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000023217-26-000022). This is CONAGRA BRANDS INC.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is CONAGRA BRANDS INC.'s most recent earnings 8-K?
CONAGRA BRANDS INC.'s latest earnings 8-K (Item 2.02) was filed Jul 15, 2026 under accession 0000023217-26-000022. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View CONAGRA BRANDS INC.'s latest earnings 8-K →
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