---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-000509"
form_type: "8-K"
ticker: "CAG"
cik: "0000023217"
company_name: "CONAGRA BRANDS INC."
filed_at: "2024-01-04T23:59:59+00:00"
generated_at: "2026-06-07T04:19:43.104459+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Conagra Q2 EPS falls 24.1% to $0.60; cuts FY2024 guidance on slower volume recovery

## Summary
- Net sales $3.2B, down 3.2% YoY; organic net sales down 3.4% driven by 2.9% volume decline and 0.5% price/mix decrease.
- Adjusted EPS $0.71 (down 12.3%); operating margin fell 261 bps to 14.0%; adjusted operating margin 15.9% (down 108 bps).
- Grocery & Snacks down 4.1%; Refrigerated & Frozen down 5.8%; International net sales up 8.1% but op. profit down 84% on impairment.
- FY2024 guidance lowered: organic net sales -1% to -2% YoY; adjusted EPS $2.60-$2.65; adjusted operating margin ~15.6%.
- Management cites slower volume recovery; volumes in domestic retail improved, cutting decline in half vs Q1.

## SEC filing metadata
- accession: 0001437749-24-000509
- form_type: 8-K
- ticker: CAG
- cik: 0000023217
- company_name: CONAGRA BRANDS INC.
- filed_at: 2024-01-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/23217/000143774924000509/0001437749-24-000509-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/23217/000143774924000509/cag20231013_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-000509
- JSON: https://secwatch.observer/filing/0001437749-24-000509.json
- Plain text: https://secwatch.observer/filing/0001437749-24-000509.txt

## Key facts
- Earnings Releases
  CONAGRA BRANDS INC. reported second quarter of fiscal year 2024, which ended on November 26, 2023 results: revenue $3.2 billion, net income $286 million, EPS $0.60. Guidance reaffirmed.
  - Period: second quarter of fiscal year 2024, which ended on November 26, 2023
  - Revenue: $3.2 billion
  - Net income: $286 million
  - EPS: $0.60
  - Guidance: reaffirmed
  - Result: reported results
  source text: reinforced our confidence in investing to build momentum in the second half and set up a strong FY25." Total Company Second Quarter Results In the quarter, net sales were $3.2 billion reflecting: ● a 0.2% increase from the favorable impact of foreign exchange; and ● a 3.4% decrease in organic net sales. The 3.4% decrease in organic net sales was driven by a
  evidence_url: https://www.sec.gov/Archives/edgar/data/23217/000143774924000509/0001437749-24-000509-index.htm

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