CAG · 10-K · 2026A

CONAGRA BRANDS INC.

Filed 2026-07-15 · Consumer · View original filing on EDGAR

Ranked Events

• Goodwill and Intangible ImpairmentsImportance 96 · Surprise 100
  As of May 31, 2026, Conagra reported goodwill of $8.12 billion, indefinite-lived intangibles of $1.25 billion and definite-lived intangibles of $577.4 million and recorded a $2.38 billion goodwill impairment in its…
• Segment ProfitabilityImportance 67 · Surprise 66
  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…
• Income Tax Rate ChangesImportance 59 · Surprise 82
  Income tax expense was $91.8 million in fiscal 2026 compared to $3.7 million in fiscal 2025, driving an effective tax rate (inclusive of equity method earnings) of approximately (5.0)% in 2026 versus 0.3% in 2025.…
• Outstanding IndebtednessImportance 58 · Surprise 42
  During the first quarter of fiscal 2026 Conagra issued $500.0 million of 5.00% senior unsecured notes due August 1, 2030 and $500.0 million of 5.75% senior unsecured notes due August 1, 2035, using proceeds to repay…
• Acquisitions and DivestituresImportance 58 · Surprise 42
  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…
• Pension and Postretirement IncomeImportance 54 · Surprise 66
  Pension and postretirement non-service income was $45.9 million in fiscal 2026, an increase of $20.0 million versus fiscal 2025. Fiscal 2026 benefited from lower interest costs due to a partial transfer of U.S. defined…
• Liquidity and Cash PositionImportance 49 · Surprise 6
  Management believes existing cash balances, operating cash flows, credit facilities, and access to capital markets provide sufficient liquidity to meet debt obligations, working capital needs, planned capex and…
• Capital ExpendituresImportance 48 · Surprise 24
  Conagra invested capital in its operating facilities with capital expenditures of $423.4 million in fiscal 2026 and plans preliminary capital expenditures of approximately $550 million for fiscal 2027. The company…
• Equity Method Investment EarningsImportance 47 · Surprise 48
  The Company's share of earnings from equity method investments, primarily the Ardent Mills joint venture, decreased to $140.7 million in fiscal 2026 from $182.4 million in fiscal 2025, a decline of $41.7 million (about…
• Capital Return ProgramImportance 43 · Surprise 6
  The Company repurchased 0.8 million shares of common stock in fiscal 2026 for an aggregate $15.0 million under a board-authorized repurchase program with $837.6 million remaining authorization as of May 31, 2026. Cash…
• Supply Chain ConstraintsImportance 41 · Surprise 42
  Conagra disclosed temporary manufacturing disruptions in its Hebrew National business that negatively affected fiscal 2025 net sales by an estimated $24 million during the key grilling season and reduced gross profits…
• Guidance / OutlookImportance 35 · Surprise 30
  Management indicates it will continue to evaluate macroeconomic conditions and take actions to mitigate impacts on the business, including productivity initiatives, tariff mitigation, and pricing. The company expects…
• Marketing CostsImportance 19 · Surprise 6
  Conagra recognizes advertising, trade promotions and consumer incentives primarily as a reduction of revenue and records these liabilities based on estimated redemption and customer practices. The company had trade…
• Market Demand Trends - FoodserviceImportance 18 · Surprise 14
  The Foodservice segment delivered a 1.9% increase in net sales in fiscal 2026 driven by a 3.6% increase in organic price/mix, largely due to inflation-justified pricing, while organic volume declined 2.2% reflecting…
• FX / Currency HeadwindsImportance 18 · Surprise 14
  International segment net sales in fiscal 2026 reflected a 4.2% decline in organic volume, partially offset by a 3.2% favorable impact from foreign exchange and a 1.7% increase in organic price/mix versus fiscal 2025.…
• Product Launch and TransitionImportance 18 · Surprise 14
  Conagra states its portfolio is continuously evolving and lists flagship brands including Birds Eye, Duncan Hines, Healthy Choice, Marie Callender’s, Reddi-wip, Slim Jim and Angie’s BOOMCHICKAPOP. Fiscal 2026 Grocery &…
• Recent Accounting PronouncementsImportance 17 · Surprise 24
  Conagra discloses several recently issued FASB standards that will affect disclosures and accounting policy: ASU 2024-03 (Disaggregation of Income Statement Expenses), effective for fiscal years beginning after…
• Market Demand TrendsImportance 10 · Surprise 6
  Conagra cites weak consumer sentiment, inflation, commodity cost fluctuations, supply chain pressures, and trade/regulatory uncertainty as principal demand drivers impacting fiscal 2026 and expected into fiscal 2027.…

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Revenue by Geography (in millions)