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, Inc. (NYSE: CAG) has appointed Chaly Jo Moyen as the new Chief Strategy Officer and President of Foodservice & International, effective April 12, 2021. This newly created position will focus on executing Conagra's strategic initiatives and overseeing its international business and foodservice division. Moyen brings over 15 years of relevant experience from the Coca-Cola Company, where she was Senior Vice President of Strategy. Her expertise in brand marketing and customer leadership is expected to enhance Conagra's innovation and growth.
Conagra Brands, Inc. (NYSE: CAG) will host a webcast and conference call on April 8, 2021, at 9:30 a.m. ET to discuss its fiscal 2021 third quarter results. The news release is set to be issued at approximately 7:30 a.m. ET. Investors can access the call by dialing 1-877-883-0383 or 1-412-902-6506 for international participants. A replay of the webcast will be available until April 8, 2022. Further details and the audio webcast can be found on conagrabrands.com/investor-relations.
Conagra Brands has partnered with SOUR PATCH KIDS to launch a new range of Juicy Gels, available in REDBERRY and Blue Raspberry flavors. Made with real sugar, these gluten-free gels contain 0 grams of fat and 100 calories per serving, priced at $2.79 per pack. This collaboration aims to enhance consumer snacking experiences by combining the iconic flavors of both brands. Available in grocery stores and online from early February 2021, this initiative aligns with Conagra's commitment to innovation and growth in their food portfolio.
Conagra Brands, Inc. (NYSE: CAG) will present at the 2021 CAGNY Conference on February 16, 2021, at 9:20 a.m. ET. CEO Sean Connolly and CFO Dave Marberger will discuss the company's business strategies and financial outlook. A video webcast and presentation slides will be available on conagrabrands.com/investor-relations, with a replay accessible until February 16, 2022. Conagra is a leading branded food company in North America, known for its innovative portfolio that includes well-known brands like Birds Eye®, Healthy Choice®, and Reddi-wip®.
Conagra Brands (NYSE: CAG) reported a strong Q2 FY2021, with net sales increasing by 6.2% to $3.0 billion. Organic net sales grew 8.1%, driven by consumer shifts toward at-home meals due to COVID-19. Adjusted EPS rose 28.6% to $0.81. The company reduced gross debt by $2.3 billion, achieving a Net Leverage Ratio of 3.6x, ahead of schedule. For Q3 FY2021, Conagra expects organic net sales growth between 6% and 8%. Despite this success, the Foodservice segment saw a 23.1% drop in sales due to lower restaurant traffic.
Duncan Hines, a brand under Conagra Brands (NYSE: CAG), is excited to announce the launch of its new EPIC Baking Kits. Available in five flavors, including Fruity PEBBLES™ Cake Kit and Salted Caramel Brownie Kit, these kits are designed for easy home baking in just four steps. The kits will hit grocery stores and online retailers in March 2021, priced at $5.49 each. This initiative aims to tap into the growing trend of baking at home and celebrate the 50th anniversary of PEBBLES cereal.
Conagra Brands (NYSE: CAG) announced the appointment of Manny Chirico to its board of directors, effective February 1, 2021, increasing the board size to 11 members. Chirico, currently the CEO of PVH Corp., has over 25 years of experience and a strong focus on consumer brands and corporate culture. His addition is expected to enhance value for shareholders. Conagra Brands is recognized for its diverse portfolio of iconic food brands and aims to innovate for changing consumer preferences.
Conagra Brands, Inc. (NYSE: CAG) has declared a quarterly dividend of $0.275 per share, payable on March 3, 2021. This dividend will benefit stockholders of record as of January 29, 2021. Conagra, a leading branded food company in North America, focuses on innovation and evolving its portfolio to meet changing consumer preferences. The announcement underscores the company's commitment to returning value to its shareholders while continuing to adapt to market demands.
Conagra Brands, Inc. (NYSE: CAG) will hold a webcast and conference call on January 7, 2021, at 9:30 a.m. ET to discuss its fiscal 2021 second quarter results. A news release will be issued at 7:30 a.m. ET. The conference call can be accessed at 1-877-883-0383 for U.S. participants or 1-412-902-6506 for international participants, using passcode 6391339. A replay will be available until January 7, 2022. For details, visit their investor relations page.
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