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 North American packaged food company behind iconic brands like Birds Eye, Healthy Choice, and Marie Callender's. This news hub provides investors and stakeholders with timely updates on corporate developments, financial performance, and strategic initiatives shaping the frozen foods and consumer goods sectors.
Access official press releases, earnings reports, and operational updates in one centralized location. Track quarterly financial results, product innovation announcements, and supply chain advancements alongside updates on sustainability efforts and leadership changes. Our curated collection ensures transparent access to material information impacting CAG's position in the competitive packaged foods market.
Discover updates across key business areas including retail distribution partnerships, foodservice channel expansions, and technology-driven manufacturing improvements. Content is rigorously maintained to serve as a reliable resource for analyzing Conagra's market trajectory and operational decisions.
Bookmark this page for streamlined monitoring of CAG's corporate communications. Combine these verified updates with broader market analysis to inform your perspective on this consumer staples leader.
Conagra Brands Foundation has awarded $350,000 in grants to 23 nonprofits across 12 states during Hunger Action Month 2022. The "Nourish Our Community" grants support initiatives addressing food insecurity, nutrition education, and healthy living. Employees nominated local organizations for funding, which aids programs helping seniors, children, and vulnerable populations. This effort reinforces Conagra's commitment to community engagement and tackling the hunger crisis in the U.S., highlighting its partnership with Feeding America and ongoing efforts to combat food insecurity.
Conagra Brands, Inc. (NYSE: CAG) has scheduled a webcast and conference call for its fiscal 2023 first quarter results on October 6, 2022, at 9:30 a.m. ET. The earnings release will be available at 7:30 a.m. ET on the same day. An audio webcast and presentation slides will be accessible on conagrabrands.com/investor-relations. Investors can join the conference call by dialing 1-877-883-0383 (U.S.) or 1-412-902-6506 (international) with the passcode 2011887. A replay will be available until October 13, 2022.
On August 22, 2022, Conagra Brands (NYSE: CAG) appointed Tracy Schaefer as senior vice president and chief information officer. With over two decades at Conagra, she brings extensive experience in finance and information technology.
Dave Marberger, CFO, praised her leadership and strategic insight. Schaefer's role will be pivotal in advancing the company's strategic objectives across the enterprise.
Conagra Brands, Inc. (NYSE: CAG) has appointed Denise A. Paulonis to its board of directors, effective August 1, 2022. With this addition, the board will now consist of 13 members. Paulonis brings extensive experience in growth, supply chain innovation, and e-commerce from her role as CEO of Sally Beauty Holdings and previous positions at Sprouts Farmers Market and PepsiCo. Her appointment is expected to enhance Conagra's strategic direction amidst evolving food preferences.
Conagra Brands, Inc. (NYSE: CAG) has announced a quarterly dividend payment of $0.33 per share, an increase of 5.6% from the previous dividend. The payment will be made on September 1, 2022, to stockholders on record as of the close of business on August 3, 2022. This new rate translates to an annual dividend of $1.32 per share, reflecting the company's commitment to returning value to its shareholders.
Conagra Brands reported a 6.2% increase in net sales for Q4 2022, totaling $2.9 billion, while organic net sales rose 6.8%. However, diluted EPS declined 48.4% to $0.33. For the full fiscal year, net sales grew 3.1% to $11.5 billion, but gross profit decreased 10.7% to $2.8 billion. The company provided guidance for fiscal 2023, expecting organic net sales growth of 4% to 5% and adjusted EPS growth of 1% to 5%.
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.
