Successful Divestitures and Debt Reduction
Conagra Brands successfully completed the divestitures of Chef Boyardee, Van de Camps, and Mrs. Paul's, using the proceeds to reduce net debt by more than $400 million in Q1.
Frozen Portfolio Performance
The frozen portfolio showed solid progress with volumes improving 3.2 points in Q1 compared to Q4 fiscal 2025, driven by service recovery and share gains in frozen vegetables, meals, and prepared chicken.
Supply Chain Success
Achieved 98% service levels in Q1 and delivered productivity gains exceeding 5% of cost of goods sold, attributed to core productivity programs and tariff navigation.
Snacking Domain Growth
Strong volume in strategic protein snacks categories with meat snacks up 4% and seeds up 2%. Despite some merchandising timing shifts, the total snacks picture showed slight volume performance exceeding category averages.