secwatch.observer — SEC 8-K summary
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Issuer:     CONAGRA BRANDS INC. (CAG)
CIK:        0000023217
Form:       8-K
Filed at:   2023-07-13T23:59:59+00:00
Accession:  0001437749-23-019832
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/23217/000143774923019832/0001437749-23-019832-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23217/000143774923019832/cag20230503_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-019832

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer