Conagra Brands, Inc. (CAG)

Sector: Consumer Staples|Industry: Packaged Foods|Market Cap: $12.84B|Employees: 19K


Conagra Brands, Inc., together with its subsidiaries, operates as a consumer packaged goods food company primarily in the United States. The company operates through four segments: Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice. The Grocery & Snacks segment primarily offers shelf stable food products through various retail channels. The Refrigerated & Frozen segment provides temperature-controlled food products through various retail channels. The International segment offers food products in various temperature states through retail and foodservice channels outside of the United States. The Foodservice segment offers branded and customized food products, including meals, entrees, sauces, and various custom-manufactured culinary products packaged for restaurants and other foodservice establishments. The company sells its products under the Birds Eye, Marie Callender's, Duncan Hines, Healthy Choice, Slim Jim, Reddi-wip, Angie's, BOOMCHICKAPOP brands. The company was incorporated in 1919 and is headquartered in Chicago, Illinois.

  1. Filings

Filing Highlights

Financial Performance

Net sales decreased by 0.4% to $3,195.1 million for the thirteen weeks ended November 24, 2024, compared to $3,208.1 million for the same period in the previous year. For the twenty-six weeks ended November 24, 2024, net sales decreased by 2.0% to $5,990.0 million compared to $6,112.1 million in the prior year.

Total operating profit decreased to $472.5 million for the thirteen weeks ended November 24, 2024, compared to $543.3 million in the prior year. This was primarily driven by a significant decrease in operating profit in the Refrigerated & Frozen segment, which declined by 53.4%.

Net income attributable to Conagra Brands, Inc. was $284.5 million for the thirteen weeks ended November 24, 2024, compared to $286.2 million for the same period in the previous year. For the twenty-six weeks ended November 24, 2024, net income attributable to Conagra Brands, Inc. was $751.3 million compared to $605.9 million in the prior year.

Growth & Strategy

Management Execution

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Competitive Position

Operational Efficiency

Innovation & Technology

Capital Allocation

ESG initiatives

Market Environment