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QUARTERLY FINANCIAL DATA (Unaudited)
 12 Months Ended
May 31, 2020
Quarterly Financial Information Disclosure [Abstract]  
QUARTERLY FINANCIAL DATA (Unaudited)

21. QUARTERLY FINANCIAL DATA (Unaudited)

 

 

 

2020

 

 

2019

 

 

 

First

Quarter

 

 

Second

Quarter

 

 

Third

Quarter

 

 

Fourth

Quarter

 

 

First

Quarter

 

 

Second

Quarter

 

 

Third

Quarter

 

 

Fourth

Quarter

 

Net sales

 

$

2,390.7

 

 

$

2,820.8

 

 

$

2,555.0

 

 

$

3,287.9

 

 

$

1,834.4

 

 

$

2,383.7

 

 

$

2,707.1

 

 

$

2,613.2

 

Gross profit

 

 

664.5

 

 

 

797.9

 

 

 

684.4

 

 

 

922.8

 

 

 

515.5

 

 

 

677.2

 

 

 

752.3

 

 

 

708.0

 

Income from continuing operations, net of tax

 

 

174.3

 

 

 

261.5

 

 

 

204.7

 

 

 

201.3

 

 

 

178.2

 

 

 

134.3

 

 

 

242.6

 

 

 

125.2

 

Loss from discontinued operations, net of tax

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(1.9

)

 

 

—

 

 

 

—

 

Net income attributable to Conagra Brands, Inc.

 

 

173.8

 

 

 

260.5

 

 

 

204.4

 

 

 

201.4

 

 

 

178.2

 

 

 

131.6

 

 

 

242.0

 

 

 

126.5

 

Earnings per share (1):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Conagra Brands, Inc. common stockholders

 

$

0.36

 

 

$

0.53

 

 

$

0.42

 

 

$

0.41

 

 

$

0.45

 

 

$

0.31

 

 

$

0.50

 

 

$

0.26

 

Diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Conagra Brands, Inc. common stockholders

 

$

0.36

 

 

$

0.53

 

 

$

0.42

 

 

$

0.41

 

 

$

0.45

 

 

$

0.31

 

 

$

0.50

 

 

$

0.26

 

Dividends declared per common share

 

$

0.2125

 

 

$

0.2125

 

 

$

0.2125

 

 

$

0.2125

 

 

$

0.2125

 

 

$

0.2125

 

 

$

0.2125

 

 

$

0.2125

 

 

 

(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.