CAG · 10-K · 2026A · Full report

Acquisitions and Divestitures

CONAGRA BRANDS INC. · 2026-07-15 · Importance 58 · Surprise 42 · Matches filing data

The Company recognized a net gain of $42.2 million ($20.6 million after-tax loss) associated with the divestiture of its Chef Boyardee® and frozen fish businesses in fiscal 2026. Proceeds from those disposals generated $648.9 million of cash in investing activities during fiscal 2026, which were partially offset by $423.4 million of capital expenditures. Fiscal 2026 net sales included $7.0 million of Chef Boyardee® and $4.9 million of frozen fish net sales compared with $385.9 million and $76.8 million, respectively, in fiscal 2025, reflecting the timing of the sales in the first quarter of fiscal 2026. The Company used sale proceeds in part to repay outstanding term loan balances and short-term borrowings during fiscal 2026.

Key facts

• Investing activities in fiscal 2026 consisted primarily of proceeds totaling $648.9 million from sale of Chef Boyardee and frozen fish businesses and capital expenditures totaling $423.4 million. source
• Net sales in Grocery & Snacks included $7.0 million of net sales related to Chef Boyardee in fiscal 2026 and $385.9 million in fiscal 2025; Chef Boyardee was sold in first quarter of fiscal 2026. source
• Net gain of $42.2 million ($20.6 million after-tax loss) associated with the divestiture of our Chef Boyardee and frozen fish businesses. source
• Charges totaling $45.7 million ($34.6 million after-tax) in connection with our restructuring plans. source
• Net benefit of $37.4 million ($28.3 million after-tax) related to legacy legal matters. source
• Income tax expense of $11.1 million related to a former divestiture. source
• Charges totaling $8.1 million ($8.1 million after-tax) related to the separation of our CEO. source
• Charges totaling $5.4 million ($4.1 million after-tax) related to environmental matters. source

Impact estimates