For Q4 2024, Conagra posted a net loss of $567.3 million, translating to an EPS of -$1.18, both marking significant declines from the previous year due to higher interest expenses and a reduction in equity earnings from joint ventures. The gross profit margin improved slightly to 27.7%, reflecting productivity enhancements amid ongoing inflation pressures of approximately 2.7% on cost of goods sold. Management reported adjusted operating margins expanding by 34 basis points year-over-year to approximately 14.8%, demonstrating the effectiveness of cost management measures. Notably, the company generated free cash flow of $405 million, indicating healthy operational cash generation despite net losses, underscoring a solid balance sheet position with a net leverage ratio reduction to 3.37 times, from 5.5 times five years ago, showing an improved financial leverage capability post-COVID.