Conagra Brands, Inc.
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Conagra Brands, Inc. (CAG). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Refrigerated And Frozen [Member] | $4.77B 42.7% | $4.86B 42.1% · +1.8% | $5.16B 42.0% · +6.1% | $4.87B 40.4% · -5.6% | $4.66B 40.1% · -4.2% | $4.64B 41.1% · -0.4% |
| Grocery And Snacks [Member] | $4.62B 41.3% | $4.70B 40.7% · +1.6% | $4.98B 40.6% · +6.1% | $4.96B 41.1% · -0.5% | $4.90B 42.2% · -1.2% | $4.61B 40.9% · -5.9% |
| Foodservice [Member] | $846.8M 7.6% | $1.01B 8.7% · +19.1% | $1.14B 9.3% · +12.7% | $1.15B 9.5% · +1.1% | $1.09B 9.4% · -4.7% | $1.12B 9.9% · +1.9% |
| International [Member] | $938.6M 8.4% | $970.8M 8.4% · +3.4% | $1.00B 8.2% · +3.3% | $1.08B 8.9% · +7.6% | $956.5M 8.2% · -11.3% | $913.9M 8.1% · -4.5% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Refrigerated And Frozen [Member] | $836.5M 17.5% | $561.1M 11.5% | $923.6M 17.9% | $815.9M 16.8% | $651.7M 14.0% | $485.6M 10.5% |
| Grocery And Snacks [Member] | $1.09B 23.6% | $859.5M 18.3% | $1.09B 21.8% | $1.10B 22.2% | $1.02B 20.8% | $885.0M 19.2% |
| Foodservice [Member] | $80.0M 9.4% | $60.3M 6.0% | $103.8M 9.1% | $151.3M 13.2% | $131.0M 12.0% | $114.3M 10.2% |
| International [Member] | $131.8M 14.0% | $106.7M 11.0% | $135.0M 13.5% | $155.1M 14.4% | $143.9M 15.0% | $134.4M 14.7% |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Revenue by product line
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Frozen [Member] | $3.95B 35.3% | $4.09B 35.5% · +3.6% | $4.29B 34.9% · +4.8% | $4.06B 33.7% · -5.3% | $3.95B 34.0% · -2.8% | $3.92B 34.7% · -0.7% |
| Other Shelf-stable [Member] | $2.83B 25.3% | $2.73B 23.7% · -3.6% | $2.85B 23.2% · +4.5% | $2.83B 23.5% · -0.6% | $2.79B 24.0% · -1.5% | $2.38B 21.1% · -14.6% |
| Snacks [Member] | $1.79B 16.0% | $1.97B 17.1% · +9.7% | $2.13B 17.3% · +8.2% | $2.12B 17.6% · -0.3% | $2.11B 18.2% · -0.8% | $2.23B 19.7% · +5.5% |
| Foodservice [Member] | $846.8M 7.6% | $1.01B 8.7% · +19.1% | $1.14B 9.3% · +12.7% | $1.15B 9.5% · +1.1% | $1.09B 9.4% · -4.7% | $1.12B 9.9% · +1.9% |
| International [Member] | $938.6M 8.4% | $970.8M 8.4% · +3.4% | $1.00B 8.2% · +3.3% | $1.08B 8.9% · +7.6% | $956.5M 8.2% · -11.3% | $913.9M 8.1% · -4.5% |
| Refrigerated [Member] | $826.6M 7.4% | $768.2M 6.7% · -7.1% | $868.1M 7.1% · +13.0% | $804.3M 6.7% · -7.3% | $716.8M 6.2% · -10.9% | $725.1M 6.4% · +1.2% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 12, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.