• Conagra Brands average operating margin for 2023 was 11.18%, a 2.85% decline from 2022.
• Conagra Brands average operating margin for 2022 was 10.87%, a 29.42% increase from 2021.
• Conagra Brands average operating margin for 2021 was 15.4%, a 6.94% 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.