• Conagra Brands average gross margin for 2023 was 26.81%, a 7.8% increase from 2022.
• Conagra Brands average gross margin for 2022 was 24.87%, a 9.89% increase from 2021.
• Conagra Brands average gross margin for 2021 was 27.6%, a 1.71% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.