• Conagra Brands average operating margin for 2023 was 12.21%, a 29.62% increase from 2022.
• Conagra Brands average operating margin for 2022 was 9.42%, a 36.35% increase from 2021.
• Conagra Brands average operating margin for 2021 was 14.8%, a 1.99% decline from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.