Financial Performance:
- Revenue: $2.84 billion (-6.33% YoY, -11.08% QoQ)
- Gross Profit: $710 million, Gross Margin: 25% (-17.29% YoY, -16.11% QoQ)
- Operating Income: $266.6 million, Operating Margin: 9.38% (-43.45% YoY, -33.78% QoQ)
- Net Income: $145.1 million, Net Margin: 5.11% (-52.98% YoY, -49.00% QoQ)
- EPS: $0.30 (-53.13% YoY, -50.00% QoQ)
Cash Flow Metrics:
- Net Cash Provided by Operating Activities: $592 million
- Free Cash Flow: $503.2 million
Balance Sheet Health:
- Total Assets: $20.74 billion
- Total Liabilities: $11.97 billion
- Stockholders' Equity: $8.78 billion
- Total Debt: $8.15 billion
- Current Ratio: 0.689, Quick Ratio: 0.235
Conagra’s financial health is strained by high leverage, coupled with the pressing need to manage costs in a volatile market.