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 (NYSE: CAG) announced the opening of a new vegetable processing facility in Waseca, Minn., with a $300 million investment aimed at modernizing production capabilities. The 245,000 square foot facility, designed for enhanced automation and food safety, can process 120 million pounds of corn, 45 million pounds of peas, and over 20 million pounds of rice annually. The facility replaces a 92-year-old plant and is expected to reduce water usage by 25% per pound produced. In fiscal year 2021, the Birds Eye brand recorded more than $1.5 billion in retail sales.
Conagra Brands (NYSE: CAG) has announced over 50 new products targeting various mealtime preferences, including frozen meals, snacks, and sides. The offerings feature popular brands such as Healthy Choice, Marie Callender's, and Birds Eye, focusing on contemporary flavors and convenient preparation methods. Highlights include single-serve options, plant-based meals, and innovative snacks. With consumer demand for convenient and healthier options rising, Conagra aims to fulfill mealtime needs across grocery aisles. The new products are now available through retail and e-commerce channels.
Conagra Brands, Inc. (NYSE: CAG) will host a webcast and conference call on July 14, 2022, at 9:30 a.m. ET to review its fiscal 2022 fourth quarter results. The news release will be available at 7:30 a.m. ET. Participants can access the conference call by dialing 1-877-883-0383 in the U.S. or 1-412-902-6506 internationally, using passcode 7662840. A replay will be accessible until July 14, 2023. Conagra's evolving portfolio includes well-known brands like Birds Eye® and Marie Callender's®, reflecting its commitment to innovation.
Conagra Brands, Inc. (NYSE: CAG) has appointed Carey Bartell as executive vice president, general counsel, and corporate secretary, effective June 6, 2022. Bartell has over 20 years of legal experience and has been with Conagra for more than six years, previously serving as vice president and chief counsel. Her background includes roles at Hospira and Sachnoff & Weaver, with a strong focus on litigation and compliance. This leadership change aims to bolster the company's legal strategies and support its evolving brand portfolio.
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.
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