Conagra BrandsCAGEarnings & Financial Report
Conagra Brands, Inc. is an American consumer packaged goods holding company that makes and sells products under various brand names that are available in supermarkets, restaurants, and food service establishments. Based on its 2021 revenue, the company ranked 331st on the 2022 Fortune 500. Headquartered in Chicago, Illinois, Conagra was founded in Nebraska in 1919 and was originally called Nebraska Consolidated Mills.
CAG Q2 FY2026 Key Financial Metrics
Revenue
$3.0B
Gross Profit
$696.0M
Operating Profit
$-597.6M
Net Profit
$-663.6M
Gross Margin
23.4%
Operating Margin
-20.1%
Net Margin
-22.3%
YoY Growth
-6.8%
EPS
$-1.39
Conagra Brands Q2 FY2026 Financial Summary
Conagra Brands reported revenue of $3.0B (down 6.8% YoY) for Q2 FY2026, with a net profit of $-663.6M (down 333.3% YoY) (-22.3% margin). Cost of goods sold was $2.3B, operating expenses totaled $1.3B.
Key Financial Metrics
| Total Revenue | $3.0B |
|---|---|
| Net Profit | $-663.6M |
| Gross Margin | 23.4% |
| Operating Margin | -20.1% |
| Report Period | Q2 FY2026 |
Revenue Breakdown
Conagra Brands Q2 FY2026 revenue of $3.0B breaks down across 6 segments, led by Frozen at $1.1B (35.4% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Frozen | $1.1B | 35.4% |
| Other Shelf Stable | $625.2M | 21.0% |
| Snacks | $583.9M | 19.6% |
| Foodservice | $288.4M | 9.7% |
| Other | $230.4M | 7.7% |
| Refrigerated | $196.0M | 6.6% |
Conagra Brands Revenue by Segment — Quarterly Trend
Conagra Brands revenue by segment across the last 4 reported quarters, showing how each business line (such as Frozen and Other Shelf Stable) has evolved quarter over quarter.
| Segment | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 |
|---|---|---|---|---|
| Frozen | $1.1B | $961.5M | $947.5M | $944.4M |
| Other Shelf Stable | $625.2M | $610.4M | $632.0M | $717.5M |
| Snacks | $583.9M | $556.7M | $518.2M | $527.9M |
| Foodservice | $288.4M | $260.7M | $279.7M | $256.1M |
| Other | $230.4M | $243.3M | $230.1M | $223.9M |
Conagra Brands Annual Revenue by Year
Conagra Brands annual revenue history includes year-by-year totals (for example, 2025 revenue was $11.6B).
Conagra Brands Quarterly Revenue & Net Profit History
Conagra Brands results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q2 FY2026 | $3.0B | -6.8% | $-663.6M | -22.3% |
| Q1 FY2026 | $2.6B | -5.8% | $164.5M | 6.2% |
| Q4 FY2025 | $2.8B | -4.3% | $256.0M | 9.2% |
| Q3 FY2025 | $2.8B | -6.3% | $145.1M | 5.1% |
| Q2 FY2025 | $3.2B | -0.4% | $284.5M | 8.9% |
| Q1 FY2025 | $2.8B | -3.8% | $466.8M | 16.7% |
| Q4 FY2024 | $2.9B | -2.3% | $-567.3M | -19.5% |
| Q3 FY2024 | $3.0B | -1.7% | $308.6M | 10.2% |
Income Statement
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.03B | $2.91B | $2.79B | $3.20B | $2.84B | $2.78B | $2.63B | $2.98B |
| YoY Growth | -1.7% | -2.3% | -3.8% | -0.4% | -6.3% | -4.3% | -5.8% | -6.8% |
Balance Sheet
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $21.92B | $20.86B | $21.25B | $21.02B | $20.74B | $20.93B | $21.17B | $19.54B |
| Liabilities | $12.69B | $12.35B | $12.55B | $12.22B | $11.97B | $12.00B | $12.26B | $11.45B |
| Equity | $9.15B | $8.44B | $8.70B | $8.80B | $8.78B | $8.93B | $8.92B | $8.09B |
Cash Flow
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $676.7M | $484.3M | $268.6M | $485.6M | $592.0M | $345.7M | $120.6M | $210.6M |