CAG · 10-K · 2026A · Full report

Segment Profitability

CONAGRA BRANDS INC. · 2026-07-15 · Importance 67 · Surprise 66 · From source text

Segment operating profit for Refrigerated & Frozen declined 25.5% to $485.6 million in fiscal 2026 from $651.7 million in fiscal 2025. The decrease reflected a $133.6 million decline in gross profit driven by lower organic net sales, input cost inflation, unfavorable operating leverage, and reduced profit from the sale of the frozen fish business. The inclusion of the 53rd week and productivity actions provided partial offset, while SG&A increased, including $15.5 million higher advertising and promotion expense. Management also noted that fiscal 2025 results were negatively impacted by approximately $10 million related to temporary manufacturing disruptions in the Hebrew National® business.

Key facts

• Diluted loss per share was $4.00 in fiscal 2026 and diluted earnings per share were $2.40 in fiscal 2025. source
• Segment operating profit for fiscal 2026: Grocery & Snacks $885.0 million (down 13.0%), Refrigerated & Frozen $485.6 million (down 25.5%), International $134.4 million (down 6.7%), Foodservice $114.3 million (down 12.8%). source
• Net sales total for fiscal 2026: $11,281.6 million, a (2.9)% decrease vs fiscal 2025's $11,612.8 million. source
• Grocery & Snacks net sales in fiscal 2026: $4,610.1 million versus $4,899.3 million in fiscal 2025, a (5.9)% decrease. source
• Refrigerated & Frozen net sales in fiscal 2026: $4,641.8 million versus $4,662.3 million in fiscal 2025, a (0.4)% decrease. source
• International net sales in fiscal 2026: $913.9 million versus $956.5 million in fiscal 2025, a (4.4)% decrease. source
• Foodservice net sales in fiscal 2026: $1,115.8 million versus $1,094.7 million in fiscal 2025, a 1.9% increase. source
• Gross profit decreased primarily due to lower net sales, input cost inflation, and unfavorable operating leverage, partially offset by productivity and the 53rd week. source

Impact estimates