Sales, Volume Down but Profit Way Up in Conagra's FY2025
Sales at Conagra Brands slipped 3.6% but net income tripled to $1.153 billion as the company released its full-year 2025 results today (July 10).
Sales for the fiscal year ending May 25 were $11.613 billion, down from $12.051 billion in FY24. But profits of $256 million in the fourth quarter reversed a $567 million loss in the fourth quarter of 2024, putting Conagra solidly ahead for the year.
CEO Sean Connolly called 2025 “an environment that proved to be more challenging than we anticipated. We entered the year focused on returning volume to growth and delivered consistent progress through the first half. [But] the second half was impacted by higher than expected inflation, foreign exchange headwinds and supply constraints.”
The 3.5% decrease in organic net sales was driven by a 1.0% negative impact from price/mix and a 2.5% decrease in volume, primarily due to lower consumption trends.
All four reporting segments -- Grocery & Snacks, Refrigerated & Frozen, International and Foodservice – contributed to a difficult fourth quarter, when sales decreased 4.3% to $2.8 billion. All four segments also recorded volume declines in the fourth quarter and the full fiscal year.
Guidance for its FY2026 is for sales to be plus or minus 1%.
About the Author
Dave Fusaro
Editor in Chief
Dave Fusaro has served as editor in chief of Food Processing magazine since 2003. Dave has 30 years experience in food & beverage industry journalism and has won several national ASBPE writing awards for his Food Processing stories. Dave has been interviewed on CNN, quoted in national newspapers and he authored a 200-page market research report on the milk industry. Formerly an award-winning newspaper reporter who specialized in business writing, he holds a BA in journalism from Marquette University. Prior to joining Food Processing, Dave was Editor-In-Chief of Dairy Foods and was Managing Editor of Prepared Foods.