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 has launched the "United For Change" campaign to encourage employee fundraising for community programs focused on alleviating poverty and promoting civil liberties. The initiative supports United Way and the ACLU Foundation, with company donations based on employee contributions. This campaign involves employees across 50 facilities in the U.S., Canada, and Mexico, addressing the increased need for social justice, especially during challenging times like COVID-19. Conagra aims to engage employees in creating lasting improvements in their communities.
Conagra Brands, Inc. (NYSE: CAG) has announced the retirement of its executive vice president and chief supply chain officer, Dave Biegger, effective May 2021. Biegger has been pivotal in leading the supply chain during significant changes, including the COVID-19 pandemic. He joined the company in 2015 and has nearly 40 years of experience in supply chain operations. Conagra is initiating a search for his successor, aiming for a smooth transition of responsibilities.
Conagra Brands reported robust first-quarter fiscal 2021 results, with net sales up 12.1% to $2.7 billion and organic net sales rising 15.0%. The company's operating margin improved by 800 basis points to 19.0%, while diluted earnings per share surged 86.1% to $0.67. The board approved a 29% dividend increase to $0.275, reflecting strong de-leveraging and confidence in long-term growth. For Q2, Conagra anticipates organic sales growth of 6-8% and adjusted EPS between $0.70 and $0.74, backed by increased production and investments.
Conagra Brands, Inc. (NYSE: CAG) has declared a quarterly cash dividend of $0.275 per share, marking a 29% increase from the previous dividend. This adjustment reflects the company’s commitment to delivering shareholder value. The dividend is scheduled for payment on December 2, 2020 to stockholders of record as of November 2, 2020. With this announcement, the annualized dividend reaches $1.10 per share, showcasing Conagra's financial strength and confidence in future growth.
Conagra Brands' Gardein has launched its first-ever collection of plant-based meat alternative soups, featuring five new flavors designed to provide a hearty, vegan option for consumers. Each soup contains 10-15 grams of protein per serving from plant-based sources and is made with wholesome ingredients such as vegetables and vegan broth. The soups are both Non-GMO Project Verified and Vegan Action Certified, with no artificial preservatives or cholesterol. Priced at $2.99 per 15-oz. can, Gardein Soups aim to appeal to the growing demand for plant-based options.
Conagra Brands Foundation has awarded $350,000 in one-year grants to 22 nonprofits across 11 states through its "Nourish Our Community" program. This initiative, part of Hunger Action Month, aims to alleviate food insecurity and improve nutrition in local communities. Grants will support various projects, including food distribution, infrastructure upgrades for food pantries, and nutrition education. Conagra's Senior Director, Robert Rizzo, emphasized the importance of nutritious food access for community health.
Conagra Brands (CAG) announces the return of the "Snack, Watch and Win" Sweepstakes in partnership with Hallmark Channel. One grand prize winner will land a walk-on role in a Hallmark movie and receive a year’s supply of Orville Redenbacher's popcorn. The sweepstakes features additional prizes, including 50 first prizes of popcorn and limited-edition mugs for weekly winners. Consumers can enter daily until December 31, 2020, without purchase. This marks the second consecutive year of this promotion, emphasizing the increasing trend of home movie nights.
Conagra Brands, Inc. (NYSE: CAG) will host a webcast and conference call on October 1, 2020, at 9:30 a.m. ET to discuss its fiscal 2021 first quarter results, with a news release issued at 7:30 a.m. ET. Investors can access the call by dialing 1-877-883-0383 (U.S.) or 1-412-902-6506 (international) using passcode 5016282. A replay will be available until October 1, 2021. Conagra is committed to evolving its portfolio to meet changing consumer preferences.
Conagra Brands, Inc. (NYSE: CAG) has announced the launch of over two dozen new products this summer, responding to increased home cooking trends due to the COVID-19 pandemic. Popular brands like Birds Eye, Marie Callender's, and Healthy Choice are introducing innovative plant-based options, gluten-free meals, and new snacks. With nearly 40% of Americans seeking plant-based alternatives, items like Birds Eye Meatless Lasagna and Gardein Plant-Based Jerky are among the highlights. This product expansion aligns with evolving consumer preferences towards healthier eating.
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