Filing Flows › Conagra Brands (CAG) › Q1 FY27 › vs Q4 FY26
Conagra Brands (CAG) Q1 FY27 vs Q4 FY26 (quarter over quarter)
Conagra Brands's revenue fell $286M (-10%) from $2.9B in Q4 FY26 to $2.6B in Q1 FY27. The biggest changes: Frozen −$124M (-12%); Snacks −$75.1M (-13%); Foodservice −$29.3M (-10%). Gross margin 23.8% against 24.4% (-0.6 pts).
Conagra Brands, Q1 FY27: revenue $2.6B (-1% year over year), operating margin 10.3%, net earnings $174M, operating cash flow −$4.2M. The chart draws each line against Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Gross margin | 23.8% | 24.4% | -0.6 pts |
| Operating margin | 10.3% | -57.5% | +67.9 pts |
| Net margin | 6.7% | -56.1% | +62.8 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Frozen | $878M | $1.0B | −$124M | -12% |
| Other Shelf-stable | $552M | $580M | −$28.1M | -5% |
| Snacks | $499M | $574M | −$75.1M | -13% |
| Foodservice | $273M | $302M | −$29.3M | -10% |
| International | $218M | $244M | −$26.3M | -11% |
| Refrigerated | $176M | $180M | −$3.6M | -2% |
| Revenue | $2.6B | $2.9B | −$286M | -10% |
| Gross profit | $619M | $704M | −$85.4M | -12% |
| Cost of revenue | $2.0B | $2.2B | −$201M | -9% |
| Operating profit | $268M | −$1.7B | $1.9B | — |
| Operating expenses | $350M | $2.4B | −$2.0B | -85% |
| Pre-tax earnings | $233M | −$1.7B | $1.9B | — |
| Other expense, net | $35.5M | $29.5M | $6.0M | +20% |
| Net earnings | $174M | −$1.6B | $1.8B | — |
| Income tax | $58.6M | −$70.9M | $130M | — |
| Operating cash sources | $291M | −$2.0B | $2.3B | — |
| Depreciation & amortization | $97.9M | $102M | −$4.4M | -4% |
| Share-based compensation | $14.3M | $5.0M | $9.3M | +186% |
| Cash used in operations | $4.2M | −$506M | $511M | — |
| Working capital & other | $291M | −$2.0B | $2.3B | — |
Questions
How much did Conagra Brands's revenue grow quarter over quarter in Q1 FY27?
Conagra Brands's revenue fell $286M (-10%) from $2.9B in Q4 FY26 to $2.6B in Q1 FY27.
What drove Conagra Brands's revenue change in Q1 FY27?
Frozen −$124M (-12%); Snacks −$75.1M (-13%); Foodservice −$29.3M (-10%).