# Conagra Brands, Inc. (CAG)

> CAG · NYSE · Consumer staples, packaged food · United States · US GAAP · Fiscal year ends May
>
> Latest report: Q1 FY2027, the quarter ended 30 August 2026, released 30 September 2026. Snapshot FY2027Q1_d06b3d8f.

Page: https://annalist.io/company/conagra-brands/

Identifiers: LEI 54930035UDEIH090K650, CIK 0000023217

## Latest Figures

| Figure | Value | Exact value | Unit | Change | Period | Period end | Source documents |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Revenue, quarter | $2.6bn | 2595900000 | USD | −1.4% year on year | FY2027 Q1 | 2026-08-30 | 10-Q 2026-08 |
| Operating income, quarter | $268m | 268400000 | USD | −22.7% year on year | FY2027 Q1 | 2026-08-30 | 10-Q 2026-08 |
| Net income, quarter | $174m | 174300000 | USD | +6.0% year on year | FY2027 Q1 | 2026-08-30 | 10-Q 2026-08 |
| Diluted EPS, quarter | $0.36 | 0.36 | USD/shares | +5.9% year on year | FY2027 Q1 | 2026-08-30 | 10-Q 2026-08 |
| Operating margin, last 4 quarters | −15.2% | -15.1838 | % | −26.6pp year on year | FY2027 Q1 | 2026-08-30 | 10-Q 2025-11, 10-Q 2026-02, 10-K 2026-05, 10-Q 2026-08 |

- Operating margin: Operating income / revenue.

## Key Findings

Each finding is a sentence written by a fixed rule from the figures; the mark in brackets is how the finding moved against the report before.

- Revenue for the quarter ended 30 August 2026 was US$2.6 billion, 1.4% lower than in the same quarter a year earlier. [New in Q1 FY2027] Sources: 10-Q 2026-08.
- Net income attributable to the company was US$174 million, 6.0% higher than in the same quarter a year earlier. [New in Q1 FY2027] Sources: 10-Q 2026-08.
- The operating margin over the last 4 quarters was -15.2%, 26.6 percentage points lower than a year earlier. [Strengthened in Q1 FY2027] Sources: 10-Q 2025-11, 10-Q 2026-02, 10-K 2026-05, 10-Q 2026-08.
- Free cash flow over the last 4 quarters was US$877 million, and operating cash flow was -0.7 times net income attributable to the company. [Weakened in Q1 FY2027] Sources: 10-Q 2025-08, 10-Q 2025-11, 10-Q 2026-02, 10-K 2026-05, 10-Q 2026-08.
- Lease-adjusted debt was 6.0 times adjusted EBITDA for fiscal 2026, and funds from operations equalled 9.3% of that debt. Both ratios are within the highly leveraged band of the S&P standard volatility table. [New in FY2026] Sources: 10-Q 2026-08, 10-K 2026-05, 10-K 2025-05.
- Cash, short-term investments and operating cash flow over the last 4 quarters equalled 0.9 times the sum of debt due within 12 months, capital expenditure and dividends. [Confirmed in Q1 FY2027] Sources: 10-Q 2026-08, 10-Q 2025-08, 10-Q 2025-11, 10-Q 2026-02, 10-K 2026-05.
- Operating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 16.4% of average total assets. [Weakened in Q1 FY2027] Sources: 10-Q 2025-08, 10-Q 2026-08, 10-Q 2025-11, 10-Q 2026-02, 10-K 2026-05.
- The Altman Z'' score for fiscal 2026 was 0.65, below the distress threshold of 1.10. [New in FY2026] Sources: 10-Q 2026-08, 10-K 2026-05.
- The Beneish M-score for fiscal 2026 was minus 3.53, below the model threshold of minus 1.78. [Strengthened in FY2026] Sources: 10-K 2026-05, 10-Q 2026-08.
- The Piotroski F-score for fiscal 2026 was 4 of 9. The 5 signals not met were return on assets above zero, return on assets higher than a year earlier, long-term debt to assets lower than a year earlier, margin higher than a year earlier and asset turnover higher than a year earlier. [New in FY2026] Sources: 10-K 2025-05, 10-K 2026-05, 10-Q 2026-08.

## Fiscal Years

| Fiscal year | Year end | Item | Value | Exact value | Unit | Source documents |
| --- | --- | --- | --- | --- | --- | --- |
| FY2026 | 2026-05-31 | Revenue | $11.3bn | 11281600000 | USD | 10-K 2026-05 |
| FY2026 | 2026-05-31 | Operating income | −$1.6bn | -1628400000 | USD | 10-K 2026-05 |
| FY2026 | 2026-05-31 | Net income attributable to the company | −$1.9bn | -1916200000 | USD | 10-K 2026-05 |
| FY2025 | 2025-05-25 | Revenue | $11.6bn | 11612800000 | USD | 10-K 2026-05 |
| FY2025 | 2025-05-25 | Operating income | $1.4bn | 1364600000 | USD | 10-K 2026-05 |
| FY2025 | 2025-05-25 | Net income attributable to the company | $1.2bn | 1152400000 | USD | 10-K 2026-05 |
| FY2024 | 2024-05-26 | Revenue | $12.1bn | 12050900000 | USD | 10-K 2026-05 |
| FY2024 | 2024-05-26 | Operating income | $853m | 852800000 | USD | 10-K 2026-05 |
| FY2024 | 2024-05-26 | Net income attributable to the company | $347m | 347200000 | USD | 10-K 2026-05 |
| FY2023 | 2023-05-28 | Revenue | $12.3bn | 12277000000 | USD | 10-K 2025-05 |
| FY2023 | 2023-05-28 | Operating income | $1.1bn | 1075300000 | USD | 10-K 2025-05 |
| FY2023 | 2023-05-28 | Net income attributable to the company | $684m | 683600000 | USD | 10-K 2025-05 |
| FY2022 | 2022-05-29 | Revenue | $11.5bn | 11535900000 | USD | 10-K 2024-05 |
| FY2022 | 2022-05-29 | Operating income | $1.6bn | 1587600000 | USD | 10-K 2024-05 |
| FY2022 | 2022-05-29 | Net income attributable to the company | $888m | 888200000 | USD | 10-K 2024-05 |

## Source Documents

- 10-Q 2026-08: Form 10-Q, period ended 30 August 2026, 30 Sep 2026 (https://www.sec.gov/Archives/edgar/data/23217/000110465926112354/tmb-20260830x10q.htm)
- 10-Q 2025-11: Form 10-Q, period ended 23 November 2025, 19 Dec 2025 (https://www.sec.gov/Archives/edgar/data/23217/000110465925123200/tmb-20251123x10q.htm)
- 10-Q 2026-02: Form 10-Q, period ended 22 February 2026, 1 Apr 2026 (https://www.sec.gov/Archives/edgar/data/23217/000110465926038548/tmb-20260222x10q.htm)
- 10-K 2026-05: Form 10-K, period ended 31 May 2026, 15 Jul 2026 (https://www.sec.gov/Archives/edgar/data/23217/000110465926083905/tmb-20260531x10k.htm)
- 10-Q 2025-08: Form 10-Q, period ended 24 August 2025, 1 Oct 2025 (https://www.sec.gov/Archives/edgar/data/23217/000110465925095651/tmb-20250824x10q.htm)
- 10-K 2025-05: Form 10-K, period ended 25 May 2025, 10 Jul 2025 (https://www.sec.gov/Archives/edgar/data/23217/000155837025009180/tmb-20250525x10k.htm)
- 10-K 2024-05: Form 10-K, period ended 26 May 2024, 11 Jul 2024 (https://www.sec.gov/Archives/edgar/data/23217/000155837024009764/tmb-20240526x10k.htm)

## Reliability

- 302 checks compare these figures with other official figures; 0 failed.
- 0 values are withheld because the filings do not prove them; a withheld value is absent, never estimated.
- Every earlier snapshot stays published: https://annalist.io/api/v1/companies/conagra-brands/snapshots.json

## Cite

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## Full Data

- [Every statement, ratio and document of this snapshot (JSON)](https://annalist.io/api/v1/companies/conagra-brands/snapshots/FY2027Q1_d06b3d8f/info.json)
- [Latest snapshot, at an address that does not change (JSON)](https://annalist.io/api/v1/companies/conagra-brands/latest.json)
- [Income statement, quarterly (CSV)](https://annalist.io/api/v1/companies/conagra-brands/snapshots/FY2027Q1_d06b3d8f/pl_quarterly.csv)
- [Income statement, annual (CSV)](https://annalist.io/api/v1/companies/conagra-brands/snapshots/FY2027Q1_d06b3d8f/pl_annual.csv)
- [Balance sheet, quarter end (CSV)](https://annalist.io/api/v1/companies/conagra-brands/snapshots/FY2027Q1_d06b3d8f/balance_sheet.csv)
- [Cash flow, quarterly (CSV)](https://annalist.io/api/v1/companies/conagra-brands/snapshots/FY2027Q1_d06b3d8f/cf_quarterly.csv)
- [Cash flow, annual (CSV)](https://annalist.io/api/v1/companies/conagra-brands/snapshots/FY2027Q1_d06b3d8f/cf_annual.csv)
- [Ratios, annual (JSON)](https://annalist.io/api/v1/companies/conagra-brands/snapshots/FY2027Q1_d06b3d8f/ratios/annual.json)
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- [Ratios, ttm (JSON)](https://annalist.io/api/v1/companies/conagra-brands/snapshots/FY2027Q1_d06b3d8f/ratios/ttm.json)
- [Key findings with their history (JSON)](https://annalist.io/api/v1/companies/conagra-brands/findings.json)
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- [Excel workbook](https://annalist.io/company/conagra-brands/conagra-brands.xlsx)
- [Buyout model on these figures](https://annalist.io/deal-lab/buyout/conagra-brands/)
- [Lenders, customers, suppliers and owners (brief in Markdown)](https://annalist.io/atlas/conagra-brands/brief.md)
- [Lenders, customers, suppliers and owners (JSON)](https://annalist.io/api/v1/atlas/conagra-brands.json)

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- [Side by side](https://annalist.io/compare/?c=conagra-brands,campbells,mccormick,general-mills)

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Figures come from official filings and are provided as they are, without warranty of accuracy or completeness. They are not investment advice.