U.S. COMPANY FILING
CONAGRA BRANDS INC. — Form 10-Q filed 2025-10-01
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Conagra Brands reported Q1 FY2026 net income of $164.5M, down 65% YoY, impacted by divestiture losses and a high effective tax rate. The company issued $1.0B in senior notes, repaid $500M term loans, and replaced its revolving credit facility with a new $2.0B agreement. Divestitures of Chef Boyardee and frozen fish business generated $643.6M in proceeds. Cooking spray litigation remains a risk with $132.8M in future payments.
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