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QUARTERLY FINANCIAL DATA (Unaudited)
 12 Months Ended
May 27, 2018
Quarterly Financial Information Disclosure [Abstract]  
QUARTERLY FINANCIAL DATA (Unaudited)
QUARTERLY FINANCIAL DATA (Unaudited)
 
2018
 
2017
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
Net sales
$
1,804.2

 
$
2,173.4

 
$
1,994.5

 
$
1,966.2

 
$
1,895.6

 
$
2,088.4

 
$
1,981.2

 
$
1,861.7

Gross profit
519.0

 
658.3

 
598.8

 
575.4

 
544.6

 
647.5

 
621.0

 
529.0

Income from continuing operations, net of tax
153.6

 
224.1

 
349.2

 
70.6

 
98.6

 
114.3

 
179.5

 
153.6

Income (loss) from discontinued operations, net of tax
(0.3
)
 
0.4

 
14.5

 
(0.3
)
 
91.4

 
11.6

 
0.7

 
(1.7
)
Net income attributable to Conagra Brands, Inc.
152.5

 
223.5

 
362.8

 
69.6

 
186.2

 
122.1

 
179.7

 
151.3

Earnings per share (1):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic earnings per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income attributable to Conagra Brands, Inc. common stockholders
$
0.37

 
$
0.55

 
$
0.91

 
$
0.18

 
$
0.42

 
$
0.28

 
$
0.42

 
$
0.36

Diluted earnings per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income attributable to Conagra Brands, Inc. common stockholders
$
0.36

 
$
0.54

 
$
0.90

 
$
0.18

 
$
0.42

 
$
0.28

 
$
0.41

 
$
0.36

Dividends declared per common share (3)
$
0.2125

 
$
0.2125

 
$
0.2125

 
$
0.2125

 
$
0.25

 
$
0.25

 
$
0.20

 
$
0.20

Share price (2):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
High
$
39.95

 
$
35.87

 
$
38.50

 
$
38.29

 
$
48.39

 
$
48.68

 
$
41.16

 
$
41.50

Low
33.07

 
32.43

 
35.47

 
35.34

 
45.70

 
34.30

 
36.47

 
37.29

(1) 
Basic and diluted earnings per share are calculated independently for each of the quarters presented. Accordingly, the sum of the quarterly earnings per share amounts may not agree with the total year.
(2)
Historical market prices do not reflect any adjustment for the impact of the Lamb Weston Spinoff.
(3) 
Per share dividend declared in the third quarter and fourth quarter of fiscal 2017 includes impact of the Lamb Weston Spinoff.