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.
Reddi-wip, a brand owned by Conagra Brands (NYSE: CAG), introduces a holiday-themed Instagram sweepstakes titled "How do you Reddi-wip?" Starting November 15 and ending December 26, participants can win prizes including a celebrity video call, a year’s supply of Reddi-wip, and a $500 Visa gift card. Additionally, the brand launches Reddi-wip Zero Sugar, featuring real cream with no sugar. Celebrities like Cedric the Entertainer and Ice-T encourage participation by sharing their own Reddi-wip moments.
Conagra Brands has recognized ten of its facilities in the U.S. and Canada as 2021 Zero Waste Champions for achieving over 95% waste diversion from landfills. In fiscal year 2021, 87% of solid waste from all facilities was redirected towards more beneficial uses, including recycling and food donations. This initiative aims to enhance environmental sustainability by reducing waste, preserving natural resources, and combating climate change. Conagra's commitment to waste reduction reflects its ongoing efforts to innovate environmentally responsible practices.
Conagra Brands has announced the release of a limited-edition "Ugly" sweater designed for comfort and functionality. The sweater features an insulated pocket to keep Swiss Miss Hot Cocoa warm, retailing for $44.95 starting November 1. Available in sizes XS to 3X, the sweaters have limited quantities. Alongside the sweater, Swiss Miss offers a range of hot cocoa flavors, including classic and seasonal options. This unique product aims to enhance holiday parties, positioning Swiss Miss as a fun and festive brand this season.
Conagra Brands has launched Reddi-wip Zero Sugar, a keto-friendly whipped topping with zero grams of sugar and 15 calories per serving. Made with real cream and without artificial flavors, this new product is designed for consumers looking to reduce sugar intake while still enjoying flavorful toppings. It features sucralose as a sweetener and is available in both 6.5-ounce and 13-ounce sizes, retailing between $2.99 to $5.29. Reddi-wip Zero Sugar can be found in U.S. retailers and online, catering to the growing demand for healthier dietary options.
Birds Eye, a leading frozen vegetable brand, is launching new Sheet Pan Meals aimed at reducing the time Americans spend on dishwashing, which averages over 25 minutes daily. The product line includes meals like Chicken with Balsamic Flavored Sweet Potatoes and Italian Sausage with Peppers, all requiring no prep and ready in just 25 minutes. A recent survey shows that nearly 227 million Americans spend more than six days a year washing dishes, with many willing to sacrifice personal time to avoid it. These meals are priced at $5.99 and are now available in stores nationwide.
Conagra Brands and Hallmark Channel have partnered for the 'Snack, Watch and Win' Sweepstakes, offering a grand prize home theater package worth $6,000 and a year’s supply of Orville Redenbacher's popcorn. The sweepstakes is open for entries until December 31, 2021, with 50 first prizes of popcorn and a limited-edition bowl. This promotion aims to enhance family movie nights, aligning with Hallmark's popular 'Countdown to Christmas' programming starting on October 22. The event celebrates Orville Redenbacher's role as a leading popcorn brand.
Slim Jim, a leading protein snack brand, has launched Doge-themed merchandise in partnership with DogeDrip, a startup from the Dogecoin community. The collection includes limited-edition t-shirts and a baseball cap, available for purchase using cryptocurrency or cash. The shirts are priced at $24.69, and the cap at $21.69. This move follows Slim Jim's successful first NFT charity auction that raised $26,000 for World Central Kitchen. The collaboration highlights Slim Jim's innovative approach in the crypto space, appealing to its meme-loving fanbase.
Conagra Brands reported a 1.0% decrease in net sales for Q1 FY 2022, totaling $2.7 billion. Organic net sales fell 0.4%, impacted by a 2.0% volume decrease due to lapping prior year's COVID-19 demand surge. Adjusted diluted EPS dropped 28.6% to $0.50. Despite these declines, the company anticipates organic net sales growth of approximately 1%, up from flat guidance, driven by sustained consumer demand. Gross inflation is now projected at 11%. The CEO expressed confidence in the company's strategy to navigate inflation and leverage consumer shifts.
Conagra Brands (NYSE: CAG) returns to the 2021 NACS Show in Chicago, showcasing its $2.7 billion snacking portfolio. The company highlights new products, including a spicy Slim Jim Savage, a cheese variant, and BiGS sunflower seeds in collaboration with Little Caesars. ACT II launches Butter Lovers ready-to-eat popcorn, while Andy Capp’s introduces Hot Beer Battered Onion Rings. Conagra aims to enhance in-store strategies for retailers, focusing on product visibility and merchandising solutions to drive impulse purchases.
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