Over the five-year period, CONAGRA BRANDS, INC. exhibited overall revenue growth while experiencing notable fluctuations in profitability metrics. Revenue increased gradually from $11,184.7 million in 2021 to $11,612.8 million in 2025—a modest growth of about 4%—indicating steady sales performance in the competitive packaged foods and consumer packaged goods sector. However, gross profit figures fluctuated: after reaching $3,179.2 million in 2021, they dipped to $2,838.8 million in 2022 before rebounding to a peak of $3,333.4 million in 2024, suggesting variability in cost management and product mix efficiency. Operating income experienced a marked decline from $2,141 million in 2021 to $1,175 million in 2024, which constitutes a significant drop of around 45%, before a partial recovery in 2025. This trend points to increasing operational challenges possibly related to higher input costs or margin pressures in the industry. Net income trends add further nuance to the company’s performance, with a significant drop from $1,298.8 million in 2021 to a low of $347.2 million in 2024—exceeding a 70% decline—followed by a recovery to $1,152.4 million in 2025. The marked year-over-year swings, particularly between 2023 and 2024, signal periods of operational stress, which might have been driven by cost inflation, supply chain disruptions, or strategic reinvestments. Overall, while CONAGRA’s revenue remains relatively stable, the volatility in profitability metrics underscores underlying operational challenges. Despite these fluctuations, the recovery in 2025's net income demonstrates resilience, suggesting that the company may be managing to stabilize its performance amid industry pressures.
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