Welcome to our dedicated page for Conagra Brands news (Ticker: CAG), a resource for investors and traders seeking the latest updates and insights on Conagra Brands stock.
Conagra Brands, Inc. (NYSE: CAG) is a leading packaged food company based in Chicago, Illinois. With a strong presence in North America, Conagra Brands is committed to providing the great food today's consumers want. The company's diverse portfolio features notable brands such as Marie Callender's, Healthy Choice, Banquet, Birds Eye, Duncan Hines, Hunt's, Slim Jim, Vlasic, Orville Redenbacher's, Reddi-wip, Wish-Bone, and Chef Boyardee. These brands cover a wide range of food categories, including frozen food, snacks, shelf-stable staples, and refrigerated food.
Recent achievements highlight Conagra's focus on innovation and strategic partnerships. For instance, in January 2024, Mrs. Butterworth's collaborated with Dunkin' to launch a new pancake syrup flavored like Dunkin's iconic glazed donut. This new product aims to captivate consumers with its unique blend of syrup and donut flavors.
Financially, Conagra Brands reported a revenue of over $3 billion in the third quarter of fiscal year 2024, demonstrating resilience and steady progress. The company's domestic retail business continues to thrive, supported by strategic investments that have generated strong lifts and unit share gains. Additionally, Conagra's commitment to cost-saving initiatives has enabled the company to sustain margin recovery and invest in brand growth.
On the international front, although Conagra Brands predominantly operates within the United States, it continues to expand its footprint with 8% of its fiscal 2023 revenue coming from international markets. The company also recently announced plans to divest its 51.8% ownership stake in Agro Tech Foods Limited, a food company based in India. This divestiture aligns with Conagra's strategic focus on optimizing its portfolio.
Conagra Brands is also dedicated to corporate social responsibility. The company's 2023 Citizenship Report highlights significant progress in areas such as Good Food, Responsible Sourcing, Better Planet, and Stronger Communities. These initiatives underscore Conagra's commitment to sustainability and social responsibility.
For the latest updates and more information on Conagra Brands, please visit www.conagrabrands.com.
Conagra Brands, Inc. (NYSE: CAG) showcased its extensive $2.9 billion snacking portfolio at the 2022 Sweets & Snacks Expo in Chicago, featuring iconic brands and innovative products aimed at various consumer cravings. New offerings include Slim Jim Monster Short Boi meat sticks and BiGS Little Caesars ExtraMostBestest Pepperoni Pizza Sunflower Seeds, reflecting strong brand leadership in their categories. The Expo provides an opportunity for Conagra to engage customers and highlight merchandising solutions for enhancing product visibility.
Angie's BOOMCHICKAPOP, a brand under Conagra Brands (NYSE: CAG), partnered with luxury jewelry designer Stephanie Gottlieb to unveil a unique 3.66-carat Popcorn-Cut Diamond engagement ring. Launched ahead of the 2022 wedding season, this ring caters to popcorn enthusiasts and aims to bring whimsy to engagement traditions. Retailing starts at $50,000, with prices subject to diamond market fluctuations. The initiative aligns with a projected 2.5 million weddings in 2022, potentially boosting brand visibility.
Conagra Brands (NYSE: CAG) is expanding its Gardein Ultimate Plant-based line with seven new offerings set to launch in June. The new products include Chick'n Wings in BBQ and Buffalo styles, Spicy Chick'n Fillets, Bratwurst and Spicy Italian Saus'ge Links, and Original and Spicy Breakfast Saus'ge. Gardein aims to provide a diverse range of tasty plant-based options for flexitarians, vegans, and vegetarians. This expansion follows the successful release of their Ultimate Plant-Based Burger in 2020, enhancing their presence in the growing plant-based food market.
Conagra Brands, Inc. (NYSE: CAG) has appointed Lucy Brady as the new president of Grocery & Snacks, effective June 15, 2022. In her role, Brady will drive modernization and growth in Conagra's grocery and snack portfolio, which includes well-known brands such as Slim Jim and Duncan Hines. Brady brings extensive experience from McDonald's and Boston Consulting Group, focusing on innovation and business development. Her leadership is expected to enhance Conagra's market position and adapt to evolving consumer trends.
Duncan Hines, a brand of Conagra Brands (NYSE: CAG), is launching a new JOYfetti Cake Mix in June to celebrate birthdays and partner with The Birthday Party Project, a nonprofit aiding homeless children. Each year, 2.5 million children face homelessness, and through this collaboration, Duncan Hines aims to support even more kids in celebrating their birthdays. The JOYfetti Cake Mix will retail for $2.19 and comes with information about the partnership on its packaging. This initiative emphasizes the importance of memorable celebrations for every child.
Conagra Brands, Inc. (NYSE: CAG) has announced a quarterly dividend of $0.3125 per share, scheduled for payment on June 1, 2022. The record date for stockholders is April 29, 2022. This decision reflects Conagra's commitment to returning value to shareholders while maintaining its focus on innovation across its diverse portfolio of food brands.
Conagra Brands, Inc. (NYSE: CAG) has appointed Melissa Napier as senior vice president of Investor Relations, effective April 25, 2022. In her role, she will lead the company's investor relations program, focusing on financial communications and quantitative analysis. Napier brings over 25 years of finance experience, having previously worked at US Foods and Tyson Foods. Conagra's CFO, Dave Marberger, expressed excitement about her joining the leadership team, highlighting the importance of strong investor relationships to maximize shareholder value.
Conagra Brands, Inc. (NYSE: CAG) has announced the departure of independent director Scott Ostfeld from its board as of April 12, 2022. Ostfeld, who served on the board since February 2019 and is a partner at JANA Partners LLC, is leaving to join another company's board in the packaged food industry. Despite his exit, JANA Partners maintains a significant investment in Conagra. Company leaders praised Ostfeld's contributions, emphasizing his role in creating shareholder value and guiding the company through its strategic repositioning for long-term success.
On April 12, 2022, Evol, a brand of Conagra Brands (NYSE: CAG), announced the launch of eight Certified Carbon Neutral single-serve frozen meals, including the new Five Cheese Alfredo Mac with Chicken. These meals will be available starting in June and are produced in a TRUE certified Zero Waste facility. Evol's initiative aims to protect the environment by measuring and offsetting the carbon footprint of these products through investments in renewable energy and forest preservation. The meals reflect a growing consumer demand for environmentally responsible food options.
FAQ
What is the current stock price of Conagra Brands (CAG)?
What is the market cap of Conagra Brands (CAG)?
What are some key brands under Conagra Brands?
Where is Conagra Brands headquartered?
What recent product collaboration has Conagra Brands announced?
What percentage of Conagra Brands' revenue comes from international markets?
What strategic divestiture is Conagra Brands planning?
How does Conagra Brands address corporate social responsibility?
What are the financial highlights of Conagra Brands for the third quarter of fiscal year 2024?
How can I get more information about Conagra Brands?
