Company: CAG
Filing Date: 2025-04-03
Form Type: 10-Q
Source: 0001558370-25-004399
Chunk: 2

Company: CONAGRA BRANDS INC.
Filing Date: 2025-04-03
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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ITEM 1. FINANCIAL STATEMENTS

Conagra Brands, Inc. and Subsidiaries

Condensed Consolidated Statements of Earnings

(in millions except per share amounts)

(unaudited)

​

​​​​​​​​​​​​​​​Thirteen Weeks Ended​Thirty-Nine Weeks Ended​     February 23, 2025     February 25, 2024     February 23, 2025​February 25, 2024Net sales​$ 2,841.0​$ 3,032.9​$ 8,831.0​$ 9,145.0Cost of goods sold​​ 2,130.7​​ 2,174.1​​ 6,534.7​​ 6,616.5Selling, general and administrative expenses​​ 443.7​​ 387.4​​ 1,204.3​​ 1,085.4Other intangible asset impairment charges​​ —​​ —​​ 18.9​​ —Loss on divestitures​​ 27.2​​ —​​ 29.5​​ 34.2Pension and postretirement non-service income (expense)​​ 3.1​​ (1.4)​​ 9.3​​ (2.1)Interest expense, net​​ 100.9​​ 106.5​​ 314.9​​ 325.8Equity method investment earnings​​ 47.4​​ 41.2​​ 125.0​​ 131.0Income before income taxes​​ 189.0​​ 404.7​​ 863.0​​ 1,212.0Income tax expense (benefit)​​ 43.9​​ 95.9​​ (33.5)​​ 297.1Net income​$ 145.1​$ 308.8​$ 896.5​$ 914.9Less: Net income attributable to noncontrolling interests​​ —​​ 0.2​​ 0.1​​ 0.4Net income attributable to Conagra Brands, Inc.​$ 145.1​$ 308.6​$ 896.4​$ 914.5Earnings per share — basic​​​​​​​​​​​​Net income attributable to Conagra Brands, Inc. common stockholders​$ 0.30​$ 0.64​$ 1.87​$ 1.91Earnings per