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 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.
Conagra Brands, Inc. (NYSE: CAG) has declared a quarterly dividend of $0.3125 per share, to be paid on December 1, 2021. Stockholders of record as of the close of business on November 1, 2021 will receive this payment. This decision underscores the company's commitment to returning value to its shareholders while continuing to adapt its portfolio to meet evolving consumer preferences.
On Sept. 17, 2021, Conagra Brands Foundation announced $350,000 in grants through its "Nourish Our Community" program, aimed at combating food insecurity. The funds will be distributed among 17 nonprofits across the U.S. The program empowers employees to nominate local organizations addressing issues like domestic hunger, nutrition education, and urban agriculture. Robert Rizzo, Senior Director of the Foundation, emphasized the importance of these community partnerships in alleviating hunger, impacting millions of Americans daily.
