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Conagra Brands CAG Grocery And Snacks — Operating Income

Other segment segments

Refrigerated And Frozen
$138.9M-18.5%
International
$32.9M-6.8%
Foodservice
$29.3M-7.0%

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Other financials

Income statement

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Revenue$2.9B+3.6%
Gross profit$704.1M-0.4%
Operating income-$1.7B-617%
Net income-$1.6B-732%
EPS (diluted)-$3.37-736%

Balance sheet

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Cash & equivalents$218.0M+221%
Total debt$481.3M-63.4%
Total equity$8.9B+5.8%
Total assets$17.3B-17.5%

Cash flow

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Operating cash flow$506.5M+46.5%
CapEx$109.2M+28.3%
Free cash flow$397.3M+52.5%

Valuation

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Market cap$7.18B-20.5%
Enterprise value$7.45B-27.6%
P/S0.6×-0.1×

Profitability

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Gross margin23.9%-1.9pp
Operating margin-14.4%-26.2pp
Net margin-17%-26.9pp
FCF margin8.7%-2.5pp

Returns & leverage

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Return on equity13.3%
Debt / equity0.1×0.0×
Current ratio0.9×+0.2×

Where this comes from

Reported directly by Conagra Brands in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: Conagra Brands’s 10-K, filed July 15, 2026.

Filed
Jul 15, 2026, 4:31 PM EDT
Fiscal year
FY2026
Accession
0001104659-26-083905
Line item2026 / Grocery & Snacks2026 / Refrigerated& Frozen2026 / International2026 / Foodservice2026 / Total
Net sales$$4,610.1$4,641.8$913.9$1,115.811,281.6
Segment cost of goods sold13,267.83,719.5669.6918.08,574.9
Segment SG&A expenses2457.3436.7109.983.51,087.4
Segment operating profit$$885.0$485.6$134.4$114.31,619.3
General corporate expenses3330.7
Goodwill impairment charges2,382.4
Other intangible asset impairment charges547.2
Gain on divestitures(42.2)

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Conagra Brands's grocery and snacks — operating income?
Conagra Brands (CAG) reported grocery and snacks — operating income of $216.3M in Q1 2026.
How has Conagra Brands's grocery and snacks — operating income changed year-over-year?
Conagra Brands's grocery and snacks — operating income decreased by 4.1% year-over-year, from $225.6M to $216.3M.
What is the long-term trend for Conagra Brands's grocery and snacks — operating income?
Over 4 years (2022 to 2026), Conagra Brands's grocery and snacks — operating income has grown at a 0.7% compound annual growth rate (CAGR), from $859.5M to $885M.
What does grocery and snacks — operating income mean?
Calculated as the segment's revenue minus cost of goods sold and operating expenses, representing the core profitability of the Grocery and Snacks business. This metric is the primary benchmark for evaluating the segment's operational success and ability to generate sustainable earnings.

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