EARNINGS (LOSS) PER SHARE

6 Months Ended

Nov. 23, 2025

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHARE

10. EARNINGS (LOSS) PER SHARE

Basic earnings (loss) per share is calculated on the basis of weighted average outstanding shares of common stock. Diluted earnings per share is computed on the basis of basic weighted average outstanding shares of common stock adjusted for the dilutive effect of stock options, restricted stock unit awards, and other dilutive securities. In periods when we recognize a net loss, we exclude the impact of outstanding stock awards from the diluted loss per share calculation, as their inclusion would have an antidilutive effect.

The following table reconciles the income (loss) and average share amounts used to compute both basic and diluted earnings (loss) per share:

	Thirteen Weeks Ended				Twenty-Six Weeks Ended
	November 23, 2025		November 24, 2024		November 23, 2025		November 24, 2024
Net income (loss) attributable to Conagra Brands, Inc. common stockholders:	$	(663.6)	$	284.5	$	(499.1)	$	751.3
Weighted average shares outstanding:
Basic weighted average shares outstanding		479.0		478.0		478.8		478.5
Add: Dilutive effect of stock options, restricted stock unit awards, and other dilutive securities		—		1.3		—		1.4
Diluted weighted average shares outstanding		479.0		479.3		478.8		479.9

For the second quarter and first half of fiscal 2026, all 0.5 million and 0.8 million, respectively, of dilutive stock options and restricted stock units outstanding were excluded from the computation of diluted weighted average shares, as we recognized a net loss. For the second quarter and first half of fiscal 2025, there were 1.1 million and 1.2 million, respectively, of stock options and restricted stock units outstanding that were excluded from the computation.