CONAGRA BRANDS INC
For the period ended Nov 24, 2024. Filed Dec 19, 2024.
View on SEC.govAbout 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 24, 2024 · Filed Dec 19, 2024
CAG$15.29+0.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Financial Statements
Condensed Consolidated Statements of Earnings
(in millions except per share amounts)
| | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · Thirteen Weeks Ended · · Twenty-Six Weeks Ended | ||||||||||||
| · November 24, 2024 · November 26, 2023 · November 24, 2024 · · November 26, 2023 | ||||||||||||
| Net sales | | $3,195.1 | | $3,208.1 | | $5,990.0 | | $6,112.1 | ||||
| Cost of goods sold | | | 2,348.4 | | | 2,361.5 | | | 4,404.0 | | | 4,442.4 |
| Selling, general and administrative expenses | | | 444.1 | | | 398.1 | | | 781.8 | | | 732.2 |
| Pension and postretirement non-service income (expense) | | | 3.1 | | | (0.4) | | | 6.2 | | | (0.7) |
| Interest expense, net | | | 108.2 | | | 113.3 | | | 214.0 | | | 219.3 |
| Equity method investment earnings | | | 48.5 | | | 54.3 | | | 77.6 | | | 89.8 |
| Income before income taxes | | | 346.0 | | | 389.1 | | | 674.0 | | | 807.3 |
| Income tax expense (benefit) | | | 61.5 | | | 102.9 | | | (77.4) | | | 201.2 |
| Net income | | $284.5 | | $286.2 | | $751.4 | | $606.1 | ||||
| Less: Net income attributable to noncontrolling interests | | | — | | | — | | | 0.1 | | | 0.2 |
| Net income attributable to Conagra Brands, Inc. | | $284.5 | | $286.2 | | $751.3 | | $605.9 | ||||
| Earnings per share — basic | | | | | | | | | | | | |
| Net income attributable to Conagra Brands, Inc. common stockholders | | $0.60 | | $0.60 | | $1.57 | | $1.27 | ||||
| Earnings per share — diluted | | | | | | | | | | | | |
| Net income attributable to Conagra Brands, Inc. common stockholders | | $0.59 | | $0.60 | | $1.57 | | $1.26 | ||||
Condensed Consolidated Statements of Comprehensive Income
(in millions)
| | | | | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · Thirteen Weeks Ended | ||||||||||||||||||
| · · November 24, 2024 · · November 26, 2023 | ||||||||||||||||||
| · · · · Tax · · · · · · Tax · · | ||||||||||||||||||
| · · Pre-Tax · · (Expense) · · After- Tax · · Pre-Tax · · (Expense) · · After- Tax | ||||||||||||||||||
| · Amount · Benefit · Amount · Amount · Benefit · Amount | ||||||||||||||||||
| Net income | | $346.0 | | $(61.5) | | $284.5 | | $389.1 | | $(102.9) | | $286.2 | ||||||
| Other comprehensive income: | | | | | | | | | | | | | | | | | | |
| Derivative adjustments: | | | | | | | | | | | | | | | | | | |
| Unrealized derivative adjustments | | | 0.5 | | | (0.1) | | | 0.4 | | | 3.2 | | | (0.8) | | | 2.4 |
| Reclassification for derivative adjustments included in net income | | | (1.8) | | | 0.4 | | | (1.4) | | | (2.1) | | | 0.5 | | | (1.6) |
| Unrealized currency translation losses | | | (19.4) | | | — | | | (19.4) | | | (6.3) | | | — | | | (6.3) |
| Pension and postretirement benefit obligations: | | | | | | | | | | | | | | | | | | |
| Unrealized pension and postretirement benefit obligations | | | — | | | — | | | — | | | (0.1) | | | — | | | (0.1) |
| Reclassification for pension and postretirement benefit obligations included in net income | | | (1.2) | | | 0.4 | | | (0.8) | | | (1.2) | | | 0.3 | | | (0.9) |
| Comprehensive income | | | 324.1 | | | (60.8) | | | 263.3 | | | 382.6 | | | (102.9) | | | 279.7 |
| Comprehensive loss attributable to noncontrolling interests | | | — | | | — | | | — | | | (0.6) | | | (0.1) | | | (0.7) |
| Comprehensive income attributable to Conagra Brands, Inc. | | $324.1 | | $(60.8) | | $263.3 | | $383.2 | | $(102.8) | | $280.4 | ||||||
| | | | | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · Twenty-Six Weeks Ended | ||||||||||||||||||
| · · November 24, 2024 · · November 26, 2023 | ||||||||||||||||||
| · · · · Tax · · · · · · Tax · · | ||||||||||||||||||
| · · Pre-Tax · · (Expense) · · After- Tax · · Pre-Tax · · (Expense) · · After- Tax | ||||||||||||||||||
| · Amount · Benefit · Amount · Amount · Benefit · Amount | ||||||||||||||||||
| Net income | | $674.0 | | $77.4 | | $751.4 | | $807.3 | | $(201.2) | | $606.1 | ||||||
| Other comprehensive income: | | | | | | | | | | | | | | | | | | |
| Derivative adjustments: | | | | | | | | | | | | | | | | | | |
| Unrealized derivative adjustments | | | (2.0) | | | 0.5 | | | (1.5) | | | 7.3 | | | (1.8) | | | 5.5 |
| Reclassification for derivative adjustments included in net income | | | (3.7) | | | 0.9 | | | (2.8) | | | (4.1) | | | 1.0 | | | (3.1) |
| Currency translation adjustments: | | | | | | | | | | | | | | | | | | |
| Unrealized currency translation gains (losses) | | | (38.7) | | | — | | | (38.7) | | | 4.3 | | | — | | | 4.3 |
| Reclassification for currency translation losses in connection with the sale of Agro Tech Foods Limited (see Note 3) | | | 79.8 | | | — | | | 79.8 | | | — | | | — | | | — |
| Pension and postretirement benefit obligations: | | | | | | | | | | | | | | | | | | |
| Unrealized pension and postretirement benefit obligations | | | 1.3 | | | (0.2) | | | 1.1 | | | 0.1 | | | (0.1) | | | — |
| Reclassification for pension and postretirement benefit obligations included in net income | | | (2.3) | | | 0.6 | | | (1.7) | | | (2.4) | | | 0.6 | | | (1.8) |
| Comprehensive income | | | 708.4 | | | 79.2 | | | 787.6 | | | 812.5 | | | (201.5) | | | 611.0 |
| Comprehensive income (loss) attributable to noncontrolling interests (see Note 3) | | | 38.1 | | | — | | | 38.1 | | | (0.5) | | | (0.1) | | | (0.6) |
| Comprehensive income attributable to Conagra Brands, Inc. | | $670.3 | | $79.2 | | $749.5 | | $813.0 | | $(201.4) | | $611.6 | ||||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.