---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-009426"
form_type: "8-K"
ticker: "CAG"
cik: "0000023217"
company_name: "CONAGRA BRANDS INC."
filed_at: "2023-04-05T23:59:59+00:00"
generated_at: "2026-06-17T06:05:04.730400+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Conagra Q3 EPS $0.71 beats; raises FY2023 adjusted EPS guidance to $2.70-$2.75

## Summary
- Q3 net sales $3.1B (+5.9% YoY); organic net sales +6.1%; adjusted EPS $0.76 (+31%).
- Operating margin improved 355 bps to 15.9%; adjusted operating margin 16.9% (+321 bps).
- Grocery & Snacks net sales +3.7%; Refrigerated & Frozen +5.6%; Foodservice +17.3%.
- FY2023 guidance raised: adjusted EPS $2.70-$2.75 (14-17% growth); organic net sales growth 7%-7.5%.
- Dividend of $0.33 per share paid in quarter; net leverage ratio ~3.65x.

## SEC filing metadata
- accession: 0001437749-23-009426
- form_type: 8-K
- ticker: CAG
- cik: 0000023217
- company_name: CONAGRA BRANDS INC.
- filed_at: 2023-04-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/23217/000143774923009426/0001437749-23-009426-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/23217/000143774923009426/cag20230110_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-009426
- JSON: https://secwatch.observer/filing/0001437749-23-009426.json
- Plain text: https://secwatch.observer/filing/0001437749-23-009426.txt

## Key facts
- Earnings Releases
  CONAGRA BRANDS INC. updated its third quarter of fiscal 2023 guidance (raised).
  - Period: third quarter of fiscal 2023
  - Guidance: raised
  - Result: reported results
  source text: On April 5, 2023, Conagra Brands, Inc. (the “Company”) issued a press release which contained information on the Company’s third quarter fiscal 2023 financial results.
  evidence_url: https://www.sec.gov/Archives/edgar/data/23217/000143774923009426/0001437749-23-009426-index.htm

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