Core Insights - Conagra Brands (CAG) stock has significantly declined over the past few years, with a drop of over 57% from its 2023 peak due to declining sales and margins [3][5] - The company is launching "Project Catalyst" to reengineer its core business using AI, data, and automation to improve margins and cut costs [1][2] Financial Performance - Revenue growth has slowed from a 6.42% year-over-year increase in FY 2023 to a decline of 1.84% in FY 2024, worsening to a decline of 3.64% in FY 2025 [3] - Diluted EPS before non-recurring items fell from $2.67 in FY 2024 to $2.30 in FY 2025, with expectations of a 24.78% decline in full-year EPS [4] Market Outlook - Analysts do not foresee a quick recovery, with a mean price target of $19.27, slightly above the current price of about $17 [6] - The broader packaged food industry is facing similar margin pressures, making recovery challenging for Conagra [5]