CONAGRA BRANDS INC

For the period ended Nov 26, 2023. Filed Jan 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.

Nov 26, 2023 · Filed Jan 4, 2024

CAG$15.19-0.7%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Item 1. Financial Statements

Condensed Consolidated Statements of Earnings

(in millions except per share amounts)

	Thirteen Weeks Ended		Twenty-Six Weeks Ended
	November 26, 2023	November 27, 2022	November 26, 2023	November 27, 2022
Net sales	$3,208.1	$3,312.9	$6,112.1	$6,217.2
Costs and expenses:
Cost of goods sold	2,361.5	2,390.6	4,442.4	4,574.6
Selling, general and administrative expenses	398.1	372.7	732.2	1,114.3
Pension and postretirement non-service expense (income)	0.4	(6.1)	0.7	(12.2)
Interest expense, net	113.3	100.3	219.3	197.4
Income before income taxes and equity method investment earnings	334.8	455.4	717.5	343.1
Income tax expense	102.9	122.5	201.2	136.9
Equity method investment earnings	54.3	49.3	89.8	98.5
Net income	$286.2	$382.2	$606.1	$304.7
Less: Net income attributable to noncontrolling interests	—	0.3	0.2	0.3
Net income attributable to Conagra Brands, Inc.	$286.2	$381.9	$605.9	$304.4
Earnings per share — basic
Net income attributable to Conagra Brands, Inc. common stockholders	$0.60	$0.80	$1.27	$0.63
Earnings per share — diluted
Net income attributable to Conagra Brands, Inc. common stockholders	$0.60	$0.79	$1.26	$0.63

Condensed Consolidated Statements of Comprehensive Income

(in millions)

	Thirteen Weeks Ended
	November 26, 2023			November 27, 2022
	Pre-Tax Amount	Tax (Expense) Benefit	After- Tax Amount	Pre-Tax Amount	Tax (Expense) Benefit	After- Tax Amount
Net income	$389.1	$(102.9)	$286.2	$504.7	$(122.5)	$382.2
Other comprehensive income:
Derivative adjustments:
Unrealized derivative adjustments	3.2	(0.8)	2.4	9.7	(2.4)	7.3
Reclassification for derivative adjustments included in net income	(2.1)	0.5	(1.6)	(1.0)	0.3	(0.7)
Unrealized currency translation losses	(6.3)	—	(6.3)	(8.2)	—	(8.2)
Pension and post-employment benefit obligations:
Unrealized pension and post-employment benefit obligations	(0.1)	—	(0.1)	(0.6)	0.1	(0.5)
Reclassification for pension and post-employment benefit obligations included in net income	(1.2)	0.3	(0.9)	(1.2)	0.3	(0.9)
Comprehensive income	382.6	(102.9)	279.7	503.4	(124.2)	379.2
Comprehensive loss attributable to noncontrolling interests	(0.6)	(0.1)	(0.7)	(1.4)	(0.1)	(1.5)
Comprehensive income attributable to Conagra Brands, Inc.	$383.2	$(102.8)	$280.4	$504.8	$(124.1)	$380.7

	Twenty-Six Weeks Ended
	November 26, 2023			November 27, 2022
	Pre-Tax Amount	Tax (Expense) Benefit	After- Tax Amount	Pre-Tax Amount	Tax (Expense) Benefit	After- Tax Amount
Net income	$807.3	$(201.2)	$606.1	$441.6	$(136.9)	$304.7
Other comprehensive income:
Derivative adjustments:
Unrealized derivative adjustments	7.3	(1.8)	5.5	7.4	(1.8)	5.6
Reclassification for derivative adjustments included in net income	(4.1)	1.0	(3.1)	(1.6)	0.5	(1.1)
Unrealized currency translation gains (losses)	4.3	—	4.3	(21.8)	—	(21.8)
Pension and post-employment benefit obligations:
Unrealized pension and post-employment benefit obligations	0.1	(0.1)	—	1.6	—	1.6
Reclassification for pension and post-employment benefit obligations included in net income	(2.4)	0.6	(1.8)	(2.3)	0.7	(1.6)
Comprehensive income	812.5	(201.5)	611.0	424.9	(137.5)	287.4
Comprehensive loss attributable to noncontrolling interests	(0.5)	(0.1)	(0.6)	(3.5)	(0.1)	(3.6)
Comprehensive income attributable to Conagra Brands, Inc.	$813.0	$(201.4)	$611.6	$428.4	$(137.4)	$291.0

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.