CONAGRA BRANDS INC.
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Income Statement
| Metric | Q2 2026 | Q2 2025 | YoY |
|---|---|---|---|
| Revenue | 2,979.1 | 3,195.1 | -6.8% |
Show Product Lines breakouts |
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| Food service | 288.4 | 292.2 | -1.3% |
| Frozen | 1,055.2 | 1,140.2 | -7.5% |
| International | 230.4 | 243.4 | -5.3% |
| Other Shelf-stable | 625.2 | 751 | -16.8% |
| Refrigerated | 196 | 198.3 | -1.2% |
| Snacks | 583.9 | 570 | +2.4% |
Show Business Segments breakouts |
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| Food service · Operating Segments | 288.4 | 292.2 | -1.3% |
| Grocery & Snacks · Operating Segments | 1,209.1 | 1,321 | -8.5% |
| International · Operating Segments | 230.4 | 243.4 | -5.3% |
| Refrigerated & Frozen · Operating Segments | 1,251.2 | 1,338.5 | -6.5% |
Show Consolidation Items breakouts |
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| Operating Segments | 2,979.1 | 3,195.1 | -6.8% |
| Cost of Revenue | 2,283.1 | 2,348.4 | -2.8% |
Show Business Segments breakouts |
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| Food service · Operating Segments | 236.3 | 236.4 | -0.0% |
| Grocery & Snacks · Operating Segments | 863.5 | 906.6 | -4.8% |
| International · Operating Segments | 170.1 | 175.3 | -3.0% |
| Refrigerated & Frozen · Operating Segments | 1,011.3 | 1,034.8 | -2.3% |
Show Consolidation Items breakouts |
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| Operating Segments | 2,281.2 | 2,353.1 | -3.1% |
| Gross Profit | 696 | 846.7 | -17.8% |
| Selling, General & Administrative | 325.1 | 425.2 | -23.5% |
Show Business Segments breakouts |
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| Food service · Operating Segments | 20.8 | 20 | +4.0% |
| Grocery & Snacks · Operating Segments | 114.4 | 118.7 | -3.6% |
| International · Operating Segments | 28.2 | 28.7 | -1.7% |
| Refrigerated & Frozen · Operating Segments | 112.4 | 105.6 | +6.4% |
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| Operating Segments | 275.8 | 273 | +1.0% |
| Goodwill Impairment Loss | 771.3 | — | — |
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| Refrigerated & Frozen | 771.3 | — | — |
| Impairment Of Intangible Assets Indefinitelived Excluding Goodwill | 197 | 18.9 | +942.3% |
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| Grocery & Snacks | 1.7 | 0.7 | +142.9% |
| Refrigerated & Frozen | 195.3 | 18.2 | +973.1% |
| Refrigerated & Frozen · Birds Eye Brand Name | 180 | — | — |
| Refrigerated & Frozen · Earth Balance and Smart Balance | 17 | — | — |
| Gain Loss On Sale Of Business | 0.2 | — | — |
| Operating Income | -597.6 | 402.6 | -248.4% |
Show Business Segments breakouts |
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| Food service · Operating Segments | 31.3 | 35.8 | -12.6% |
| Grocery & Snacks · Operating Segments | 231.2 | 295.7 | -21.8% |
| International · Operating Segments | 32.1 | 39.4 | -18.5% |
| Refrigerated & Frozen · Operating Segments | 127.5 | 198.1 | -35.6% |
Show Consolidation Items breakouts |
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| Operating Segments | 422.1 | 569 | -25.8% |
| Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component | 6.1 | 3.1 | +96.8% |
Show Equity Components breakouts |
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| Accumulated Defined Benefit Plans Adjustment Net Prior Service Cost Credit · Reclassification Out Of Accumulated Other Comprehensive Income | -0.1 | — | — |
| Accumulated Defined Benefit Plans Adjustment Net Unamortized Gain Loss · Reclassification Out Of Accumulated Other Comprehensive Income | 0.9 | 1.2 | -25.0% |
| Interest Income Expense Net | 96 | 108.2 | -11.3% |
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| Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income | 0.6 | 0.6 | 0.0% |
| Income Loss From Equity Method Investments | 32.2 | 48.5 | -33.6% |
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| Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income | -0.8 | -1.2 | +33.3% |
| Income Before Taxes | -655.3 | 346 | -289.4% |
| Income Tax Expense (Benefit) | 8.3 | 61.5 | -86.5% |
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| Accumulated Defined Benefit Plans Adjustment · Reclassification Out Of Accumulated Other Comprehensive Income | 0.3 | 0.4 | -25.0% |
| Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income | 0.4 | 0.4 | 0.0% |
| Net Income | -663.6 | 284.5 | -333.3% |
| Net Income | -663.6 | 284.5 | -333.3% |
Show Equity Components breakouts |
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| Accumulated Defined Benefit Plans Adjustment · Reclassification Out Of Accumulated Other Comprehensive Income | -0.7 | -0.8 | +12.5% |
| Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income | -1 | -1.4 | +28.6% |
| Retained Earnings | -663.6 | 284.5 | -333.3% |
| EPS (Basic) | -1.39 | 0.6 | -331.7% |
| EPS (Diluted) | -1.39 | 0.59 | -335.6% |
| General & Administrative (Q) | — | — | — |
Show Consolidation Items breakouts |
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| Corporate Non Segment | 58.4 | 69.9 | -16.5% |
| Interest Income | -3.8 | -0.6 | -533.3% |
| Comprehensive Income | -670.8 | 263.3 | -354.8% |
| Wtd Avg Shares (Basic) | 479 | 478 | +0.2% |
| Wtd Avg Shares (Diluted) | 479 | 479.3 | -0.1% |
| Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments (Q) | — | — | — |
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| Accumulated Defined Benefit Plans Adjustment · Reclassification Out Of Accumulated Other Comprehensive Income | -1 | -1.2 | +16.7% |
| Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income | -1.4 | -1.8 | +22.2% |
| Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax | -0.6 | 0.4 | -250.0% |
Balance Sheet
| Metric | Q2 2026 | Q2 2025 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 46.6 | 37.4 | +24.6% |
| Receivables Net Current | 835.5 | 856.9 | -2.5% |
| Inventory | 2,199.8 | 2,180.8 | +0.9% |
| Prepaid Expenses & Other Current Assets | 144.4 | 130.3 | +10.8% |
| Total Current Assets | 3,226.3 | 3,205.4 | +0.7% |
| Non-Current Assets | |||
| Goodwill | 9,729.4 | — | — |
Show Business Segments breakouts |
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| Food service | 720.1 | — | — |
| Grocery & Snacks | 4,663.1 | — | — |
| International | 200.9 | — | — |
| Refrigerated & Frozen | 4,145.3 | — | — |
| Other Non-Current Assets | 1,576.2 | 1,490.2 | +5.8% |
| Disposal Group Including Discontinued Operation Assets Noncurrent | 4.4 | 21.2 | -79.2% |
Show Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations breakouts |
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| Refrigerated & Frozen | 4.4 | — | — |
| Total Assets | 19,540.3 | 21,018.1 | -7.0% |
| Other Assets | |||
| Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization | 6,656.9 | 6,614.3 | +0.6% |
| Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization | -3,855.2 | -3,794 | -1.6% |
| Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization | 2,801.7 | 2,820.3 | -0.7% |
| Intangible Assets Net Excluding Goodwill | 2,202.3 | 2,723.7 | -19.1% |
| Current Liabilities | |||
| Long Term Debt And Capital Lease Obligations Current | 776.9 | 1,031.1 | -24.7% |
| Accounts Payable | 1,526.9 | 1,571.7 | -2.9% |
| Employee Related Liabilities Current | 128.5 | 125.6 | +2.3% |
| Other Accrued Liabilities Current | 799.4 | 636.6 | +25.6% |
| Total Current Liabilities | 3,619.7 | 4,559.7 | -20.6% |
| Non-Current Liabilities | |||
| Deferred Tax Liabilities | 784 | — | — |
| Other Non-Current Liabilities | 586.8 | 1,419.9 | -58.7% |
| Total Liabilities | 11,449.5 | 12,217.4 | -6.3% |
| Long-Term Debt | 7.24 | 7.27 | -0.4% |
| Other Liabilities | |||
| Short Term Borrowings | 388 | 1,194.7 | -67.5% |
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| Supplier Financing Arrangements | 40.5 | 47.5 | -14.7% |
Show Short Term Debt Type breakouts |
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| Commercial Paper | 348 | 849 | -59.0% |
| Senior Long Term Notes | 6,459 | 6,237.8 | +3.5% |
| Stockholders' Equity | |||
| Common Stock | 2,921.2 | 2,921.2 | 0.0% |
| Additional Paid-In Capital | 2,300.5 | 2,337.5 | -1.6% |
| Retained Earnings | 5,924.3 | 6,692 | -11.5% |
| Accumulated Other Comprehensive Income | 9.5 | — | — |
| Treasury Stock Common Value | -3,064.7 | -3,112.7 | +1.5% |
| Stockholders Equity Including Portion Attributable To Noncontrolling Interest | 8,090.8 | 8,800.7 | -8.1% |
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| Accumulated Defined Benefit Plans Adjustment | 59.1 | — | — |
| Accumulated Gain Loss Net Cash Flow Hedge Parent | 20 | — | — |
| Accumulated Gain Loss Net Cash Flow Hedge Parent · Cash Flow Hedge Pinnacle | 24 | — | — |
| Accumulated Other Comprehensive Income | 9.5 | -37.3 | +125.5% |
| Accumulated Translation Adjustment | -69.6 | — | — |
| Additional Paid In Capital | 2,300.5 | 2,337.5 | -1.6% |
| Common Stock | 2,921.2 | 2,921.2 | 0.0% |
| Retained Earnings | 5,924.3 | 6,692 | -11.5% |
| Treasury Stock Common | -3,064.7 | -3,112.7 | +1.5% |
| Total Liabilities & Equity | 19,540.3 | 21,018.1 | -7.0% |
Cash Flow Statement
| Metric | YTD Q2 2026 | YTD Q2 2025 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Depreciation & Amortization | 192.3 | 196.6 | -2.2% |
Show Business Segments breakouts |
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| Food service · Operating Segments | 22.9 | 22.2 | +3.2% |
| Grocery & Snacks · Operating Segments | 72.8 | 76.7 | -5.1% |
| International · Operating Segments | 7.1 | 7.5 | -5.3% |
| Refrigerated & Frozen · Operating Segments | 81.8 | 83.1 | -1.6% |
Show Consolidation Items breakouts |
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| Corporate Non Segment | 7.7 | 7.1 | +8.5% |
| Operating Segments | 184.6 | 189.5 | -2.6% |
| Asset Impairment Charges | 975 | 87.6 | +1013.0% |
| Income Loss From Equity Method Investments Net Of Dividends Or Distributions | -3.3 | -28.9 | +88.6% |
| Stock-Based Compensation | 33.1 | 29.8 | +11.1% |
| Pension Contributions | -5.3 | -5.9 | +10.2% |
| Pension Expense Reversal Of Expense Noncash | -7.9 | -1.5 | -426.7% |
| Other Operating Activities Cash Flow Statement | -16.3 | -0.2 | -8050.0% |
| Change in Accounts Receivable | -137.5 | 15.4 | -992.9% |
| Change in Inventory | -149.5 | -73.8 | -102.6% |
| Increase Decrease In Deferred Income Taxes And Income Taxes Payable Net | 27 | -206.4 | +113.1% |
| Change in Prepaid & Other Assets | -58 | -40.4 | -43.6% |
| Increase Decrease In Accounts Payable Trade | 6.9 | 97.3 | -92.9% |
| Increase Decrease In Employee Related Liabilities | -14.9 | -66.2 | +77.5% |
| Increase Decrease In Other Accrued Liabilities | 67.6 | 15.4 | +339.0% |
| Increase Decrease Related To Litigation Receivable | 75.5 | 5.7 | +1224.6% |
| Increase Decrease In Litigation Accruals | -112.2 | -24 | -367.5% |
| Net Cash from Operations | 331.2 | 754.2 | -56.1% |
| Investing Activities | |||
| Capital Expenditures | -218.6 | -215.4 | -1.5% |
| Proceeds From Sale Of Property Plant And Equipment | 37.8 | 2.7 | +1300.0% |
| Proceeds From Sale Of Property Plant And Equipment (Q) | — | — | — |
Show Disposal Group Classification breakouts |
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| Disposal Group Disposed Of By Sale Not Discontinued Operations · Refrigerated & Frozen | 26.5 | — | — |
| Proceeds From Divestiture Of Businesses Net Of Cash Divested | 648.9 | 76.8 | +744.9% |
| Other Investing Activities | -0.9 | 0.5 | -280.0% |
| Net Cash from Investing | 467.2 | -366 | +227.7% |
| Financing Activities | |||
| Proceeds From Short Term Debt Maturing In More Than Three Months | 62.1 | 70.6 | -12.0% |
| Repayments Of Short Term Debt Maturing In More Than Three Months | -567.5 | -66.3 | -756.0% |
| Proceeds From Repayments Of Other Short Term Debt | 88.7 | 260.1 | -65.9% |
| Proceeds From Issuance Of Other Long Term Debt | 1,000 | — | — |
| Repayments Of Long Term Debt | -1,022.3 | -270.2 | -278.3% |
| Repayments Of Long Term Debt (Q) | — | — | — |
Show Debt Instrument breakouts |
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| November 1, 2025 · Unsecured Debt | -1 | — | — |
| Payments Of Financing Costs | -11.7 | — | — |
| Share Repurchases | -15.3 | -64 | +76.1% |
| Payments Of Dividends | -334.8 | -335.1 | +0.1% |
| Exercise Of Stock Options And Issuance Of Other Stock Awards Including Tax Withholdings | -18.9 | -20.1 | +6.0% |
| Proceeds From Payments For Other Financing Activities | -0.2 | -0.2 | 0.0% |
| Net Cash from Financing | -819.9 | -425.2 | -92.8% |
| Other Cash Flow | |||
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations | 0.1 | -4.6 | +102.2% |
| Net Change in Cash | -21.4 | -41.6 | +48.6% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect Continuing Operations | -21.4 | -40.3 | +46.9% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations | 46.6 | 37.4 | +24.6% |
Values in millions USD. Source: SEC EDGAR 10-Q filing.