Defensive Stocks

“Operating profit decreased 41 percent to $525 million , primarily driven by higher input costs, a decrease in contributions from volume growth, a gain on divestiture related to the sale of our Canada yogurt business recorded in the third quarter of fiscal 2025 , and higher restructuring and transformation costs, partially offset by favorable net price realization and mix and higher transaction costs recorded in fiscal 2025 related to the Divestitures and Acquisition .”

GIS 10-Q · 2026-03-18

“The decrease in volume was driven by lower consumption trends in response to inflation-justified pricing actions.”

CAG 10-Q · 2026-04-01

“Discount rates, long-term growth rates, and royalty rates used to estimate the fair value of our domestic retail brands with 10% or less excess fair value over carrying amount as of the fiscal 2026 annual impairment test were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Discount Rate ​ ​ Long-Term Growth Rate ​ Royalty Rate ​ ​ Carrying Amount ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (in millions) ​ ​ ​ ​ Minimum ​ ​ ​ ​ Maximum ​ ​ ​ ​ Minimum ​ ​ ​ ​ Maximum ​ ​ ​ Minimum ​ ​ ​ Maximum Brands (<10% cushion) ​ $ 902.1 ​ ​ 11.50% ​ ​ 13.50% ​ ​ 0.0% ​ ​ 2.0% ​ 1.0% ​ 11.0% ​ Assumptions used in impairment testing are made at a point in time and require significant judgment; therefore, they are subject to change based upon the facts and circumstances present at each annual impairment test date.”

CAG 10-K · 2026-07-15