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 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.
Purple Carrot has announced the launch of its new 100% plant-based, single serve frozen meals, now available at most Whole Foods Market locations nationwide. This launch features four meal options, including Plant-Based Meatball Marinara and Fiesta Pepper Bowl, designed to cater to flexitarians and plant-based enthusiasts. The meals are priced at $5.29 and aim to make plant-based eating more accessible. Developed in partnership with Conagra Brands, this move taps into the growing demand for plant-based options and aligns with consumer trends.
Conagra Brands (CAG) has partnered with the Marine Stewardship Council (MSC) to offer sustainably sourced seafood options, starting summer 2020. This initiative includes labeling Van de Kamp's and Mrs. Paul's frozen fish products with the MSC blue fish label, ensuring they meet sustainable fishing standards. The MSC is recognized for its rigorous certification processes that support marine ecosystem health. This move aligns with Conagra's corporate social responsibility efforts under the UN Sustainable Development Goal 14 for conserving marine resources.
Conagra Brands (CAG) reported strong fourth quarter results for fiscal year 2020, with net sales up by 25.8% to $3.3 billion and organic net sales increasing 21.5%. Diluted EPS rose 57.7% to $0.41, while adjusted EPS more than doubled to $0.75. Gross profit also saw a significant increase of 30.3% to $923 million.
The company generated $1.47 billion in free cash flow, exceeding guidance, and decreased total debt by $271 million. For Q1 FY2021, the guidance indicates organic net sales growth of 10% to 13%.
On June 29, 2020, Conagra Brands announced a collaboration between its hot cocoa brand Swiss Miss and Lucky Charms, introducing a new Magically Delicious Hot Cocoa. This product features iconic marshmallows like hearts and rainbows, aimed at appealing to families. Each serving contains 180 calories and is packaged in six pre-portioned servings, retailing for $2.99. The partnership marks Swiss Miss's first co-branded innovation, leveraging Lucky Charms’ popularity while supporting local dairy farms in Wisconsin.
On June 25, 2020, Conagra Brands (NYSE: CAG) announced the winners of its annual Sustainable Development Awards, showcasing a record 128 employee-led sustainability initiatives. These projects collectively decreased the carbon footprint by 15,700 metric tons, conserved 120 million gallons of water, and reduced waste by 5,750 tons. The initiatives generated nearly $30 million in enterprise savings, emphasizing the integration of sustainability into business practices. Award-winning projects include innovations in water conservation, waste reduction, and energy efficiency across various facilities.
FAQ
What is the current stock price of Conagra Brands (CAG)?
What is the market cap of Conagra Brands (CAG)?
What are some key brands under Conagra Brands?
Where is Conagra Brands headquartered?
What recent product collaboration has Conagra Brands announced?
What percentage of Conagra Brands' revenue comes from international markets?
What strategic divestiture is Conagra Brands planning?
How does Conagra Brands address corporate social responsibility?
What are the financial highlights of Conagra Brands for the third quarter of fiscal year 2024?
How can I get more information about Conagra Brands?
