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, 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.
Conagra Brands (NYSE: CAG) announced its Q3 fiscal 2022 results, with net sales up 5.1% to $2.9 billion and organic net sales rising 6.0%. However, diluted EPS decreased 22.4% to $0.45, and adjusted EPS fell 1.7% to $0.58. The company faces high input cost inflation, expecting approximately 16% for the fiscal year. Adjusted operating margin guidance was lowered from 15.5% to 14.5%, while organic net sales growth for Q4 is forecasted at 7%. The CEO emphasized strong consumer demand despite inflation-related pricing actions.
Conagra Brands, Inc. (NYSE: CAG) unveiled its Fiscal 2021 Citizenship Report, showcasing advancements in environmental, social, and governance (ESG) initiatives aligned with the United Nations Sustainable Development Goals. Key highlights include achieving 100% renewable, recyclable, or compostable packaging by 2025, conserving 64 million gallons of water, and donating 30 million pounds of food to Feeding America. The report reflects a commitment to sustainability, diversity, and community support, and contains supplementary ESG data for fiscal year 2021.
Conagra Brands, Inc. (NYSE: CAG) will host a webcast and conference call on April 7, 2022, at 9:30 a.m. ET to discuss its fiscal 2022 third-quarter results. The earnings release will be available at 7:30 a.m. ET on the same day. Interested parties can access the event via conagrabrands.com/investor-relations. A replay will be available until April 7, 2023.
Conagra Brands, Inc. (NYSE: CAG) announced the appointment of George Dowdie to its board of directors, effective March 1, 2022. This will expand the board to 13 members. Dowdie brings significant expertise in supply chain management and research and development, having served as executive vice president of global supply chain at Starbucks and held roles in Campbell Soup Company and other major food corporations. His leadership is seen as beneficial for Conagra's innovation and focus on delivering value to consumers and shareholders.
On January 28, 2022, Conagra Brands (NYSE: CAG) announced a voluntary recall of select Wish-Bone Thousand Island and Chunky Blue Cheese dressings due to undeclared eggs in the labels. The recalled products pose a risk of serious allergic reactions for individuals sensitive to eggs. No illnesses linked to the products have been reported. Conagra is coordinating with retailers to withdraw the affected items from stores and advises consumers to dispose of the products. This recall does not affect other Wish-Bone or Conagra Brands offerings.
Duncan Hines, a brand of Conagra Brands (NYSE: CAG), is unveiling a new line of Southern-inspired desserts in collaboration with Dolly Parton. This collection features cake mixes and frostings based on Parton's family recipes, including Coconut and Banana Puddin' Cakes. Available online starting January 26, 2022, for $40, the collection includes a collectible tea towel and spatula. Full retail availability is set for March, with cake mixes priced at $2.19 and frostings at $2.09. The partnership aims to offer a taste of Southern comfort through homemade baking experiences.
Conagra Brands reported a net sales increase of 2.1% to $3.1 billion for Q2 fiscal 2022, with organic net sales growing 2.6%. However, diluted EPS fell 26% to $0.57, affected by a 15.1% drop in gross profit. Adjusted operating margin decreased to 14.6%. The company anticipates organic net sales growth of around 3% and adjusted EPS guidance remains at $2.50. CEO Sean Connolly highlighted sustained consumer demand but acknowledged continued cost pressures.
