---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-019832"
form_type: "8-K"
ticker: "CAG"
cik: "0000023217"
company_name: "CONAGRA BRANDS INC."
filed_at: "2023-07-13T23:59:59+00:00"
generated_at: "2026-06-13T09:01:44.728574+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Conagra Q4 adj. EPS falls 4.6% to $0.62; dividend raised 6% to $1.40/share

## Summary
- Q4 GAAP EPS $0.08 (down 75.8% YoY) on $3.0B net sales (+2.2% organic); price/mix +9.9%, volume -7.7%.
- Full year FY2023 net sales $12.3B (+6.4%); adjusted EPS $2.77 (+17.4%); operating margin 8.8%.
- FY2024 guidance: organic sales growth ~1%, adj. EPS $2.70-$2.75, adj. operating margin 16%-16.5%.
- Board approved 6% dividend increase to $1.40 annual ($0.35 quarterly), payable Aug 31, 2023.
- Q4 operating margin declined 544 bps to 1.9% due to $345M brand impairment charges; adjusted margin down 39 bps to 14.6%.

## SEC filing metadata
- accession: 0001437749-23-019832
- form_type: 8-K
- ticker: CAG
- cik: 0000023217
- company_name: CONAGRA BRANDS INC.
- filed_at: 2023-07-13T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/23217/000143774923019832/0001437749-23-019832-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/23217/000143774923019832/cag20230503_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-019832
- JSON: https://secwatch.observer/filing/0001437749-23-019832.json
- Plain text: https://secwatch.observer/filing/0001437749-23-019832.txt

## Key facts
- Earnings Releases
  CONAGRA BRANDS INC. reported fourth quarter fiscal 2023 results: revenue $3.0 billion, net income $37 million, EPS $0.08 per diluted share.
  - Period: fourth quarter fiscal 2023
  - Revenue: $3.0 billion
  - Net income: $37 million
  - EPS: $0.08 per diluted share
  - Result: reported results
  source text: operations - and remain committed to our long-term financial algorithm." Total Company Fourth Quarter Results In the quarter, reported and organic net sales increased 2.2% to $3.0 billion. The 2.2% increase was driven by a 9.9% improvement in price/mix, which was partially offset by a 7.7% decrease in volume. Price/mix was driven by the company’s inflation-driven
  evidence_url: https://www.sec.gov/Archives/edgar/data/23217/000143774923019832/0001437749-23-019832-index.htm
- Earnings Releases
  CONAGRA BRANDS INC. reported full year fiscal 2023 results: revenue $12.3 billion, EPS $1.42 per diluted share.
  - Period: full year fiscal 2023
  - Revenue: $12.3 billion
  - EPS: $1.42 per diluted share
  - Result: reported results
  source text: For the full fiscal year, net sales increased 6.4% to $12.3 billion.
  evidence_url: https://www.sec.gov/Archives/edgar/data/23217/000143774923019832/0001437749-23-019832-index.htm
- Earnings Releases
  CONAGRA BRANDS INC. reported fiscal 2024 results: EPS Adjusted EPS between $2.70 and $2.75. Guidance initiated.
  - Period: fiscal 2024
  - EPS: Adjusted EPS between $2.70 and $2.75
  - Guidance: initiated
  - Result: guidance update
  source text: The Company is providing fiscal 2024 guidance to reflect: ○ Organic net sales growth of approximately 1% compared to fiscal 2023 ○ Adjusted operating margin between 16% and 16.5% ○ Adjusted EPS between $2.70 and $2.75
  evidence_url: https://www.sec.gov/Archives/edgar/data/23217/000143774923019832/0001437749-23-019832-index.htm

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