康尼格拉 2025年度报告

Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or Section15(d)of the Act.Yes☐No☑ Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the SecuritiesExchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports), and (2)hasbeen subject to such filing requirements for the past 90days.Yes☑No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuantto Rule405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant was requiredto submit such files).Yes☑No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and“emerging growth company” in Rule12b-2 of the Exchange Act.: Large accelerated filer☑Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerging growthcompany If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section13(a)of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness ofits internal control over financial reporting under Section404(b)of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accountingfirm that prepared or issued its audit report.☑ If securities are registered pursuant to Section12(b)of the Act, indicate by check mark whether the financial statements of the registrantincluded in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). □ The aggregate market value of the voting common stock of Conagra Brands,Inc. held by non-affiliates on November21, 2025(the lastbusiness day of the Registrant’s most recently completed second fiscal quarter) was approximately $8,500,625,571based upon the closing sale priceon the New York Stock Exchange on such date. At June28, 2026, 478,565,642 common shares were outstanding. Documents Incorporated by Reference Portions of the Registrant’s definitive Proxy Statement for the Registrant’s 2026 Annual Meeting of Stockholders (the “2026 ProxyStatement”) are incorporated by reference into PartIII. Table of Contents PARTI 1Item1Business1Item1A Risk Factors7Item1B Unresolved Staff Comments21Item 1CCybersecurity21Item2Properties23Item3Legal Proceedings24Item4Mine Safety Disclosures24PARTII25Item5Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities25Item6[Reserved]25Item7Management’s Discussion and Analysis of Financial Condition and Results of Operations25Item7A Quantitative and Qualitative Disclosures About Market Risk37Item8Financial Statements and Supplementary Data39Consolidated Statements of Operations for the FiscalYears Ended May2026, 2025, and 202439Consolidated Statements of Comprehensive Income (Loss) for the FiscalYears Ended May2026, 2025, and 202440Consolidated Balance Sheets as of May31, 2026 and May25, 202541Consolidated Statements of Common Stockholders’ Equity for the FiscalYears Ended May2026, 2025, and 202442Consolidated Statements of Cash Flows for the FiscalYears Ended May2026, 2025, and 202443Notesto Consolidated Financial Statements44Item9Changes in and Disagreements with Accountants on Accounting and Financial Disclosure86Item9A Controls and Procedures86Item9B Other Information87Item9C Disclosure Regarding Foreign Jurisdictions that Prevent Inspections87PARTIII88Item10 Directors, Executive Officers and Corporate Governance88Item11 Executive Compensation88Item12 Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters88Item13 Certain Relationships and Related Transactions, and Director Independence89Item14 Principal Accountant Fees and Services89PARTIV90Item15 Exhibits and Financial Statement Schedules90Item16 Form10-K Summary94Signatures95 PARTI This annual report on Form10-K contains forward-looking statements within the meaning of Section27A ofthe Securities Act of 1933, as amended, and Section21E of the Securities Exchange Act of 1934, as amended. Actualresults, performance, or achievements could differ materially from those projected in the forward-looking statementsas a result of a number of ri