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QUARTERLY FINANCIAL DATA (Unaudited) | 12 Months Ended
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May 26, 2019
Quarterly Financial Information Disclosure [Abstract] |
QUARTERLY FINANCIAL DATA (Unaudited) | QUARTERLY FINANCIAL DATA (Unaudited)
| 2019 |  | 2018
| First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter |  | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
Net sales | $ | 1,834.4 |  |  | $ | 2,383.7 |  |  | $ | 2,707.1 |  |  | $ | 2,613.2 |  |  | $ | 1,804.2 |  |  | $ | 2,173.4 |  |  | $ | 1,994.5 |  |  | $ | 1,966.2 |
Gross profit | 515.5 |  |  | 677.2 |  |  | 752.3 |  |  | 708.0 |  |  | 519.0 |  |  | 658.3 |  |  | 598.8 |  |  | 575.4 |
Income from continuing operations, net of tax | 178.2 |  |  | 134.3 |  |  | 242.6 |  |  | 125.2 |  |  | 153.6 |  |  | 224.1 |  |  | 349.2 |  |  | 70.6 |
Income (loss) from discontinued operations, net of tax | — |  |  | (1.9 | ) |  | — |  |  | — |  |  | (0.3 | ) |  | 0.4 |  |  | 14.5 |  |  | (0.3 | )
Net income attributable to Conagra Brands, Inc. | 178.2 |  |  | 131.6 |  |  | 242.0 |  |  | 126.5 |  |  | 152.5 |  |  | 223.5 |  |  | 362.8 |  |  | 69.6 |
Earnings per share (1): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to Conagra Brands, Inc. common stockholders | $ | 0.45 |  |  | $ | 0.31 |  |  | $ | 0.50 |  |  | $ | 0.26 |  |  | $ | 0.37 |  |  | $ | 0.55 |  |  | $ | 0.91 |  |  | $ | 0.18 |
Diluted earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to Conagra Brands, Inc. common stockholders | $ | 0.45 |  |  | $ | 0.31 |  |  | $ | 0.50 |  |  | $ | 0.26 |  |  | $ | 0.36 |  |  | $ | 0.54 |  |  | $ | 0.90 |  |  | $ | 0.18 |
Dividends declared per common share | $ | 0.2125 |  |  | $ | 0.2125 |  |  | $ | 0.2125 |  |  | $ | 0.2125 |  |  | $ | 0.2125 |  |  | $ | 0.2125 |  |  | $ | 0.2125 |  |  | $ | 0.2125 |
Share price: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
High | $ | 38.94 |  |  | $ | 38.25 |  |  | $ | 32.60 |  |  | $ | 31.28 |  |  | $ | 39.95 |  |  | $ | 35.87 |  |  | $ | 38.50 |  |  | $ | 38.29 |
Low | 34.64 |  |  | 32.42 |  |  | 20.85 |  |  | 22.37 |  |  | 33.07 |  |  | 32.43 |  |  | 35.47 |  |  | 35.34 |
(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.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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