CONAGRA BRANDS INC

For the period ended Feb 25, 2024. Filed Apr 4, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Feb 25, 2024 · Filed Apr 4, 2024

CAG$15.29+0.3%Stored close · as of Nov 9, 2026

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Contents

Item 1. Financial Statements

Condensed Consolidated Statements of Earnings

(in millions except per share amounts)

	Thirteen Weeks Ended		Thirty-Nine Weeks Ended
	February 25, 2024	February 26, 2023	February 25, 2024	February 26, 2023
Net sales	$3,032.9	$3,086.5	$9,145.0	$9,303.7
Costs and expenses:
Cost of goods sold	2,174.1	2,247.7	6,616.5	6,822.3
Selling, general and administrative expenses	387.4	348.8	1,119.6	1,463.1
Pension and postretirement non-service expense (income)	1.4	(6.0)	2.1	(18.2)
Interest expense, net	106.5	104.2	325.8	301.6
Income before income taxes and equity method investment earnings	363.5	391.8	1,081.0	734.9
Income tax expense	95.9	100.1	297.1	237.0
Equity method investment earnings	41.2	50.5	131.0	149.0
Net income	$308.8	$342.2	$914.9	$646.9
Less: Net income attributable to noncontrolling interests	0.2	0.5	0.4	0.8
Net income attributable to Conagra Brands, Inc.	$308.6	$341.7	$914.5	$646.1
Earnings per share — basic
Net income attributable to Conagra Brands, Inc. common stockholders	$0.64	$0.72	$1.91	$1.35
Earnings per share — diluted
Net income attributable to Conagra Brands, Inc. common stockholders	$0.64	$0.71	$1.91	$1.34

Condensed Consolidated Statements of Comprehensive Income

(in millions)

	Thirteen Weeks Ended
	February 25, 2024			February 26, 2023
	Pre-Tax Amount	Tax (Expense) Benefit	After- Tax Amount	Pre-Tax Amount	Tax (Expense) Benefit	After- Tax Amount
Net income	$404.7	$(95.9)	$308.8	$442.3	$(100.1)	$342.2
Other comprehensive income:
Derivative adjustments:
Unrealized derivative adjustments	(3.3)	0.8	(2.5)	(3.5)	0.8	(2.7)
Reclassification for derivative adjustments included in net income	(2.1)	0.5	(1.6)	(1.6)	0.4	(1.2)
Unrealized currency translation gains	4.8	—	4.8	4.3	—	4.3
Pension and postretirement benefit obligations:
Unrealized pension and postretirement benefit obligations	(7.3)	1.8	(5.5)	—	—	—
Reclassification for pension and postretirement benefit obligations included in net income	(0.1)	—	(0.1)	(1.1)	0.3	(0.8)
Comprehensive income	396.7	(92.8)	303.9	440.4	(98.6)	341.8
Comprehensive income (loss) attributable to noncontrolling interests	0.5	(0.1)	0.4	(0.8)	(0.2)	(1.0)
Comprehensive income attributable to Conagra Brands, Inc.	$396.2	$(92.7)	$303.5	$441.2	$(98.4)	$342.8

	Thirty-Nine Weeks Ended
	February 25, 2024			February 26, 2023
	Pre-Tax Amount	Tax (Expense) Benefit	After- Tax Amount	Pre-Tax Amount	Tax (Expense) Benefit	After- Tax Amount
Net income	$1,212.0	$(297.1)	$914.9	$883.9	$(237.0)	$646.9
Other comprehensive income:
Derivative adjustments:
Unrealized derivative adjustments	4.0	(1.0)	3.0	3.9	(1.0)	2.9
Reclassification for derivative adjustments included in net income	(6.2)	1.5	(4.7)	(3.2)	0.9	(2.3)
Unrealized currency translation gains (losses)	9.1	—	9.1	(17.5)	—	(17.5)
Pension and postretirement benefit obligations:
Unrealized pension and postretirement benefit obligations	(7.2)	1.7	(5.5)	1.6	—	1.6
Reclassification for pension and postretirement benefit obligations included in net income	(2.5)	0.6	(1.9)	(3.4)	1.0	(2.4)
Comprehensive income	1,209.2	(294.3)	914.9	865.3	(236.1)	629.2
Comprehensive loss attributable to noncontrolling interests	—	(0.2)	(0.2)	(4.3)	(0.3)	(4.6)
Comprehensive income attributable to Conagra Brands, Inc.	$1,209.2	$(294.1)	$915.1	$869.6	$(235.8)	$633.8

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.