---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-023728"
form_type: "8-K"
ticker: "CAG"
cik: "0000023217"
company_name: "CONAGRA BRANDS INC."
filed_at: "2022-10-06T23:59:59+00:00"
generated_at: "2026-06-23T05:12:22.707198+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Conagra Q1: adjusted EPS $0.57 beats; GAAP loss $0.16 on $386M impairment; reaffirms FY outlook

## Summary
- Net sales $2.9B (+9.5% YoY); organic net sales +9.7% driven by 14.3% price/mix partially offset by 4.6% volume decline.
- GAAP diluted loss per share $0.16 due to $386M non-cash goodwill and brand impairment, largely from higher discount rate; adjusted EPS $0.57 vs $0.50 prior year.
- Refrigerated & Frozen segment had operating loss of $216M on impairment; adjusted operating profit +8% to $176M. Impairment includes $244M for Bird's Eye brand.
- Company reaffirmed FY2023 guidance: organic net sales growth 4-5%, adjusted operating margin ~15%, adjusted EPS growth 1-5%.
- Ardent Mills JV earnings $49M (+$29M YoY) driven by favorable wheat market conditions. Quarter-end dividend increased to $0.33/share.

## SEC filing metadata
- accession: 0001437749-22-023728
- form_type: 8-K
- ticker: CAG
- cik: 0000023217
- company_name: CONAGRA BRANDS INC.
- filed_at: 2022-10-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/23217/000143774922023728/0001437749-22-023728-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/23217/000143774922023728/cag20220707_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-023728
- JSON: https://secwatch.observer/filing/0001437749-22-023728.json
- Plain text: https://secwatch.observer/filing/0001437749-22-023728.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.