CONAGRA BRANDS INC
For the period ended Feb 23, 2025. Filed Apr 3, 2025.
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.
Feb 23, 2025 · Filed Apr 3, 2025
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 · · Thirty-Nine Weeks Ended | ||||||||||||
| · February 23, 2025 · February 25, 2024 · February 23, 2025 · · February 25, 2024 | ||||||||||||
| Net sales | | $2,841.0 | | $3,032.9 | | $8,831.0 | | $9,145.0 | ||||
| Cost of goods sold | | | 2,130.7 | | | 2,174.1 | | | 6,534.7 | | | 6,616.5 |
| Selling, general and administrative expenses | | | 443.7 | | | 387.4 | | | 1,204.3 | | | 1,085.4 |
| Other intangible asset impairment charges | | | — | | | — | | | 18.9 | | | — |
| Loss on divestitures | | | 27.2 | | | — | | | 29.5 | | | 34.2 |
| Pension and postretirement non-service income (expense) | | | 3.1 | | | (1.4) | | | 9.3 | | | (2.1) |
| Interest expense, net | | | 100.9 | | | 106.5 | | | 314.9 | | | 325.8 |
| Equity method investment earnings | | | 47.4 | | | 41.2 | | | 125.0 | | | 131.0 |
| Income before income taxes | | | 189.0 | | | 404.7 | | | 863.0 | | | 1,212.0 |
| Income tax expense (benefit) | | | 43.9 | | | 95.9 | | | (33.5) | | | 297.1 |
| Net income | | $145.1 | | $308.8 | | $896.5 | | $914.9 | ||||
| Less: Net income attributable to noncontrolling interests | | | — | | | 0.2 | | | 0.1 | | | 0.4 |
| Net income attributable to Conagra Brands, Inc. | | $145.1 | | $308.6 | | $896.4 | | $914.5 | ||||
| Earnings per share — basic | | | | | | | | | | | | |
| Net income attributable to Conagra Brands, Inc. common stockholders | | $0.30 | | $0.64 | | $1.87 | | $1.91 | ||||
| Earnings per share — diluted | | | | | | | | | | | | |
| Net income attributable to Conagra Brands, Inc. common stockholders | | $0.30 | | $0.64 | | $1.87 | | $1.91 | ||||
Condensed Consolidated Statements of Comprehensive Income
(in millions)
| | | | | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · Thirteen Weeks Ended | ||||||||||||||||||
| · · February 23, 2025 · · February 25, 2024 | ||||||||||||||||||
| · · · · Tax · · · · · · Tax · · | ||||||||||||||||||
| · · Pre-Tax · · (Expense) · · After- Tax · · Pre-Tax · · (Expense) · · After- Tax | ||||||||||||||||||
| · Amount · Benefit · Amount · Amount · Benefit · Amount | ||||||||||||||||||
| Net income | | $189.0 | | $(43.9) | | $145.1 | | $404.7 | | $(95.9) | | $308.8 | ||||||
| Other comprehensive income: | | | | | | | | | | | | | | | | | | |
| Derivative adjustments: | | | | | | | | | | | | | | | | | | |
| Unrealized derivative adjustments | | | 1.2 | | | (0.3) | | | 0.9 | | | (3.3) | | | 0.8 | | | (2.5) |
| Reclassification for derivative adjustments included in net income | | | (1.6) | | | 0.4 | | | (1.2) | | | (2.1) | | | 0.5 | | | (1.6) |
| Unrealized currency translation gains (losses) | | | (4.4) | | | — | | | (4.4) | | | 4.8 | | | — | | | 4.8 |
| Pension and postretirement benefit obligations: | | | | | | | | | | | | | | | | | | |
| Unrealized pension and postretirement benefit obligations | | | — | | | — | | | — | | | (7.3) | | | 1.8 | | | (5.5) |
| Reclassification for pension and postretirement benefit obligations included in net income | | | (1.2) | | | 0.3 | | | (0.9) | | | (0.1) | | | — | | | (0.1) |
| Comprehensive income | | | 183.0 | | | (43.5) | | | 139.5 | | | 396.7 | | | (92.8) | | | 303.9 |
| Comprehensive income attributable to noncontrolling interests | | | — | | | — | | | — | | | 0.5 | | | (0.1) | | | 0.4 |
| Comprehensive income attributable to Conagra Brands, Inc. | | $183.0 | | $(43.5) | | $139.5 | | $396.2 | | $(92.7) | | $303.5 | ||||||
| | | | | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · Thirty-Nine Weeks Ended | ||||||||||||||||||
| · · February 23, 2025 · · February 25, 2024 | ||||||||||||||||||
| · · · · Tax · · · · · · Tax · · | ||||||||||||||||||
| · · Pre-Tax · · (Expense) · · After- Tax · · Pre-Tax · · (Expense) · · After- Tax | ||||||||||||||||||
| · Amount · Benefit · Amount · Amount · Benefit · Amount | ||||||||||||||||||
| Net income | | $863.0 | | $33.5 | | $896.5 | | $1,212.0 | | $(297.1) | | $914.9 | ||||||
| Other comprehensive income: | | | | | | | | | | | | | | | | | | |
| Derivative adjustments: | | | | | | | | | | | | | | | | | | |
| Unrealized derivative adjustments | | | (0.8) | | | 0.2 | | | (0.6) | | | 4.0 | | | (1.0) | | | 3.0 |
| Reclassification for derivative adjustments included in net income | | | (5.3) | | | 1.3 | | | (4.0) | | | (6.2) | | | 1.5 | | | (4.7) |
| Currency translation adjustments: | | | | | | | | | | | | | | | | | | |
| Unrealized currency translation gains (losses) | | | (43.1) | | | — | | | (43.1) | | | 9.1 | | | — | | | 9.1 |
| 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 | | | (7.2) | | | 1.7 | | | (5.5) |
| Reclassification for pension and postretirement benefit obligations included in net income | | | (3.5) | | | 0.9 | | | (2.6) | | | (2.5) | | | 0.6 | | | (1.9) |
| Comprehensive income | | | 891.4 | | | 35.7 | | | 927.1 | | | 1,209.2 | | | (294.3) | | | 914.9 |
| Comprehensive income (loss) attributable to noncontrolling interests (see Note 3) | | | 38.1 | | | — | | | 38.1 | | | — | | | (0.2) | | | (0.2) |
| Comprehensive income attributable to Conagra Brands, Inc. | | $853.3 | | $35.7 | | $889.0 | | $1,209.2 | | $(294.1) | | $915.1 | ||||||
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