Conagra Brands (CAG) Change in Inventory (2009 - 2024)
Conagra Brands' (CAG) quarterly Change in Inventory came in at -$58.6 million in Q2 2024, up 21.97% year-on-year from -$48.0 million in Q2 2023, and up 56.62% quarter-over-quarter from -$135.1 million in Q1 2024.
Conagra Brands (CAG) Change in Inventory (2009 - 2024) Analysis & Trends
Conagra Brands' Change in Inventory history runs 16 years deep, the most recent figure standing at -$58.6 million for Q2 2024.
- On a quarterly basis, Change in Inventory rose 21.97% year-over-year to -$58.6 million in Q2 2024; TTM through May 2024 was -$131.9 million, a 149.72% decrease from a year earlier, with the FY2026 full-year figure at -$144.9 million, down 507.02% from the prior year.
- Change in Inventory advanced to -$58.6 million in Q2 2024 per CAG's latest filing, from -$135.1 million in the prior quarter.
- Across five years, Change in Inventory topped out at $289.7 million in Q3 2022 and bottomed at -$268.1 million in Q2 2020.
- The 5-year median for Change in Inventory is -$40.5 million (2021), against an average of $18.7 million.
- Across the five-year window, Change in Inventory tumbled 312.46% in 2020 and jumped 226.14% in 2022, its largest moves.
- Year by year, Change in Inventory stood at $44.4 million in 2020, then slumped by 262.84% to -$72.3 million in 2021, then soared by 226.14% to $91.2 million in 2022, then tumbled by 209.65% to -$100.0 million in 2023, then jumped by 41.4% to -$58.6 million in 2024.
- Per Business Quant, the three latest CAG Change in Inventory figures stand at -$58.6 million (Q2 2024), -$135.1 million (Q1 2024), and -$100.0 million (Q4 2023).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Kraft Heinz | 30.05 Bn | 26.07 Bn | 2.22 Bn | 195.00 Mn |
| 2 | General Mills | 19.11 Bn | 18.67 Bn | 1.60 Bn | 222.80 Mn |
| 3 | Hormel Foods | 13.78 Bn | 12.93 Bn | 518.51 Mn | 114.40 Mn |
| 4 | Mccormick | 13.51 Bn | 13.76 Bn | 778.20 Mn | 41.40 Mn |
| 5 | Magnum Ice Cream | 10.87 Bn | 10.35 Bn | - | -57.04 Mn |
| 6 | Smithfield Foods | 10.26 Bn | 8.88 Bn | 511.00 Mn | - |
| 7 | Darling Ingredients | 10.06 Bn | 10.02 Bn | 404.92 Mn | 55.36 Mn |
| 8 | Conagra Brands | 6.88 Bn | 6.66 Bn | 704.10 Mn | - |
| 9 | Lamb Weston Holdings | 6.84 Bn | 6.78 Bn | 361.40 Mn | -123.00 Mn |
| 10 | Pilgrims Pride | 6.64 Bn | 6.11 Bn | 345.49 Mn | 16.03 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| May 26, 2024 | -58.60 Mn |
| May 26, 2024 | -58.60 Mn |
| Feb 25, 2024 | -135.10 Mn |
| Feb 25, 2024 | -135.10 Mn |
| Nov 26, 2023 | -100.00 Mn |
| Nov 26, 2023 | -100.00 Mn |
| Aug 27, 2023 | 161.80 Mn |
| Aug 27, 2023 | 161.80 Mn |
| May 28, 2023 | -75.10 Mn |
| May 28, 2023 | -75.10 Mn |
| Feb 26, 2023 | -40.50 Mn |
| Feb 26, 2023 | -40.50 Mn |
| Nov 27, 2022 | 91.20 Mn |
| Nov 27, 2022 | 91.20 Mn |
| Aug 28, 2022 | 289.70 Mn |
| Aug 28, 2022 | 289.70 Mn |
| May 29, 2022 | 175.80 Mn |
| May 29, 2022 | 175.80 Mn |
| Feb 27, 2022 | -91.40 Mn |
| Feb 27, 2022 | -91.40 Mn |