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Conagra Brands, Inc. 10-Q Filings

CAG NYSE

Every 10-Q that Conagra Brands, Inc. (CAG) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow CAG and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CAG filings page.

Rhea-AI Summary

Conagra Brands, Inc. reported lower sales but higher quarterly profit while posting a large year-to-date loss driven by non-cash charges and portfolio changes. Net sales for the thirteen weeks ended February 22, 2026 were $2,787.8 million versus $2,841.0 million a year earlier, with net income of $199.8 million and diluted EPS of $0.42 versus $0.30.

For the thirty-nine weeks, net sales were $8,399.5 million versus $8,831.0 million and Conagra recorded a net loss of $299.3 million, compared with net income of $896.4 million, primarily due to a $771.3 million goodwill impairment in Refrigerated & Frozen and $197.0 million of other intangible asset impairments. The company sold its Chef Boyardee business for $607.0 million (recording a $42.7 million gain) and its frozen fish business for $41.9 million. Operating cash flow remained strong at $895.6 million, supporting repayment and refinancing of term loans and senior notes, continued dividends, and restructuring and litigation outflows.

Rhea-AI Summary

Conagra Brands, Inc. reported weaker results for the quarter and first half ended November 23, 2025, driven by large non-cash impairment charges. Quarterly net sales were $2,979.1 million, down from $3,195.1 million a year ago, and first-half net sales were $5,611.7 million versus $5,990.0 million. A $771.3 million goodwill impairment in the Refrigerated & Frozen unit and $197.0 million in other intangible impairments turned operating profit into a quarterly loss of $597.6 million and a first-half operating loss of $250.2 million.

Conagra posted a quarterly net loss attributable to the company of $663.6 million (loss per share $1.39) versus net income of $284.5 million (EPS $0.59–$0.60) a year earlier, and a first‑half net loss of $499.1 million versus income of $751.3 million. The company completed the sale of its Chef Boyardee business for net proceeds of $607.0 million and its frozen fish business for $41.9 million, recognizing a combined pre‑tax gain of $42.2 million in the first half.

Operating cash flow for the first half was $331.2 million, down from $754.2 million, while investing cash flow benefited from $648.9 million of divestiture proceeds. Conagra refinanced $1.00 billion of 4.60% senior notes with $500.0 million of 5.00% notes due 2030 and $500.0 million of 5.75% notes due 2035 and prepaid $500.0 million of term loans. Total debt remained sizable but covenants under the $2.0 billion revolving credit facility were in compliance, and common stockholders’ equity was $8,090.8 million with 478,369,475 shares outstanding as of November 23, 2025.

Rhea-AI Summary

Conagra Brands (CAG) reported first-quarter fiscal 2026 results showing active portfolio moves, restructuring progress, and notable tax and litigation items. The company completed divestitures and recognized a $42.8 million gain on one sale and a separate $0.4 million loss; one business sold for net proceeds of $601.2 million. Purchase price allocations included $130.0 million of goodwill and intangible assets of $55.8 million (non-amortizing) and $5.5 million (amortizing).

The Conagra Restructuring Plan has cumulative charges of $325.6 million with $4.4 million of charges in Q1 FY2026; additional costs are expected through fiscal 2026. The company reported an effective tax rate of 43.1% in Q1 FY2026 versus (42.4)% in Q1 FY2025, reflecting a $211.4 million income tax benefit from releasing valuation allowances and other tax items. Insurance receivables tied to prior events totaled $16.7 million as of August 24, 2025 and $81.8 million as of May 25, 2025. Conagra remains in compliance with amended credit covenants and anticipates $8.3 million of further pension contributions for FY2026.