CAG
Conagra Brands Inc
Q4 2025 Report
Conagra Brands Inc (CAG) Q4 2025 Results: Navigating Inflation and Focused on Volume Growth...
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Executive Summary
Conagra Brands reported QQ1 2026 revenue of $2.6326 billion, down 5.81% year-over-year and 5.36% quarter-over-quarter, with a gross margin of 24.33% and an operating margin of 13.20%. Despite a meaningful top-line decline, operating income rose 8.22% sequentially, reflecting ongoing cost-control actions and favorable operating leverage within a challenging macro environment. Net income declined sharply year-over-year to $164.5 million, equating to $0.34 per share, as higher other expenses and a higher tax rate weighed on profitability. The balance sheet remains liquid with a cash balance of $698.1 million and net debt of $359.1 million, supported by a solid operating cash flow profile and disciplined capital expenditure. While the quarter demonstrates resilience in operating earnings amid revenue pressure, cash flow generation was modest and free cash flow was negative due to capex and working capital dynamics.
Key Performance Indicators
Revenue
2.63B
QoQ: -5.36% | YoY:-5.81%
Gross Profit
640.60M
24.33% margin
QoQ: -9.42% | YoY:-13.35%
Operating Income
347.40M
QoQ: 8.22% | YoY:-13.50%
Net Income
164.50M
QoQ: -35.74% | YoY:-64.76%
EPS
0.34
QoQ: -37.04% | YoY:-64.95%
Revenue Trend
Margin Analysis
Key Insights
Revenue: $2.6326B (YoY -5.81%, QoQ -5.36%). Gross Profit: $640.6M (Gross Margin 24.33%). Operating Income: $347.4M (Operating Margin 13.20%). Net Income: $164.5M (Net Margin 6.25%). EPS (Diluted): $0.34. EBITDA: $347.4M; EBITDARatio: 13.20%. Cash from Operations: $120.6M. Capital Expenditures: $146.8M. Free Cash Flow: -$26.2M. End of period cash: $698.1M. Net Debt: $359.1M. Current assets: $3.8401B; Current liabilities: $3.6296B; Quick ratio: ~0.44; Current ratio: ~1.06. Goodwill + Intangibles: ...