---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-027741"
form_type: "8-K"
ticker: "CAG"
cik: "0000023217"
company_name: "CONAGRA BRANDS INC."
filed_at: "2023-10-05T23:59:59+00:00"
generated_at: "2026-06-10T04:20:17.078135+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Conagra Q1 adjusted EPS $0.66, +15.8% YoY; reaffirms FY2024 outlook

## Summary
- Net sales flat at $2.9B; organic net sales -0.3% (volume -6.6%, price/mix +6.3%).
- Diluted EPS $0.67 vs loss of $0.16 prior year; adjusted EPS $0.66 (+15.8%).
- Adjusted gross margin +272 bps to 27.6%; adjusted operating margin +297 bps to 16.7%.
- Segment adjusted operating profit growth: Grocery & Snacks +3.8%, Refrig/Frozen +14.7%, International +57.8%, Foodservice +87.5%.
- Reaffirmed FY2024: adj. EPS $2.70-$2.75, adj. op. margin 16.0-16.5%, organic sales growth ~1%.

## SEC filing metadata
- accession: 0001437749-23-027741
- form_type: 8-K
- ticker: CAG
- cik: 0000023217
- company_name: CONAGRA BRANDS INC.
- filed_at: 2023-10-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/23217/000143774923027741/0001437749-23-027741-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/23217/000143774923027741/cag20230714_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-027741
- JSON: https://secwatch.observer/filing/0001437749-23-027741.json
- Plain text: https://secwatch.observer/filing/0001437749-23-027741.txt

## Key facts
- Earnings Releases
  CONAGRA BRANDS INC. reported the first quarter of fiscal year 2024, which ended on August 27, 2023 results: revenue $2.9 billion, net income $320 million, or $0.67 per diluted share, EPS $0.67. Guidance reaffirmed.
  - Period: the first quarter of fiscal year 2024, which ended on August 27, 2023
  - Revenue: $2.9 billion
  - Net income: $320 million, or $0.67 per diluted share
  - EPS: $0.67
  - Guidance: reaffirmed
  - Result: reported results
  source text: confidence in our plans, people and agility as we continue to navigate a shifting consumer environment." Total Company First Quarter Results In the quarter, net sales were $2.9 billion reflecting: ● a 0.3% increase from the favorable impact of foreign exchange; and ● a 0.3% decrease in organic net sales. The 0.3% decrease in organic net sales was driven by a
  evidence_url: https://www.sec.gov/Archives/edgar/data/23217/000143774923027741/0001437749-23-027741-index.htm

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