MEDIUMOutside partyCustomer
29%
Walmart and its affiliates
“10-K Item 1: 'Our largest customer, Walmart, Inc. and its affiliates, accounted for approximately 29% of consolidated net sales for fiscal 2026 and 2025 and 28% for fiscal 2024.'”
CAG · Concentration risk · 10-K extracted
ConAgra Brands (CAG) concentration risks
Updated
The most significant concentration ConAgra Brands discloses is Walmart and its affiliates at 29%, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
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Source: ConAgra Brands’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 1 disclosed concentration
HIGH0
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-10-18Conagra's disclosed concentration is a single retail customer. Walmart, Inc. and its affiliates accounted for approximately 29% of consolidated net sales in fiscal 2026 and 2025, and 28% in fiscal 2024. The share has been stable across the three years, so the filing shows a persistent medium-share exposure and not a sudden shift. The character is dependency. Packaged-food makers sell through a small number of large retailers, and the largest of them holds meaningful leverage over shelf space, promotional funding, pricing and payment terms. A change in Walmart's assortment decisions, private-label emphasis or inventory practices would register directly in Conagra's volumes and margins, and the company has limited ability to replace that volume quickly through other channels. With no supplier, product or geographic concentration flagged in the sources, there is little to net against this single item. It is an idiosyncratic customer risk that is partly structural to the grocery channel, and it is clearly disclosed in the most recent 10-K.
For the engine’s reasoning on CAG’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Packaged Foods
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| CENT | Central Garden & Pet Company | 1 | 1 | 2 | 4 |
| CENTA | Central Garden & Pet Company | 1 | 1 | 2 | 4 |
| CPB | The Campbell's Company | 1 | 1 | 1 | 3 |
| DAR | Darling Ingredients Inc. | 1 | 1 | 0 | 2 |
| CAG● | ConAgra Brands, Inc. | 0 | 1 | 0 | 1 |
| BRBR | BellRing Brands, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.