Conagra makes the frozen dinners, snacks, and pantry staples you grab at the grocery store—think Birds Eye veggies, Slim Jims, and Marie Callender's meals.
Money comes from selling packaged foods across four segments, with grocery and frozen retail dominating. Gross margin sits at 23.92%, but the latest year shows a net loss of USD 1.92B, so profits are currently negative.
Brand loyalty and shelf space in frozen aisles give some stickiness, but private-label competitors like Walmart's Great Value and Kroger's Simple Truth undercut on price, squeezing margins. Moat is eroding as these store brands gain share.
Sell (sector percentile 4) — value B, growth D, profitability D-, momentum C+, revisions D. Updated daily, sector-relative, identical for every user.
Key events, in time order
Q4 call highlights balanced strategy for margin stabilization and brand/supply chain investment; $2B impairment impacts earnings
Brand building investment increasing by $40 million (14% increase) in fiscal 2027, plus incremental $125 million in capital for supply chain resilience and in-house production
Board approves dividend amid cost pressures and profit warning
Q4 results show revenue growth but margin pressure, and new CEO's dividend cut and $2B charge support the below-estimate profit forecast.
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