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.
Orville Redenbacher's Gourmet Popping Corn and Hallmark Channel have announced the 'Ultimate Outdoor Movie Night' Sweepstakes. The grand prize includes an outdoor at-home theater setup, a one-year supply of Orville Redenbacher's microwave popcorn, assorted popcorn seasonings, and a Hallmark Channel popcorn bowl. Additionally, fifty secondary prize winners will receive a one-year supply of popcorn and seasonings, while weekly prizes will offer a 6ct carton of microwave popcorn, one seasoning, and a Hallmark Channel blanket. The sweepstakes runs until August 31, 2024, and participants can enter daily at SummerNightSweeps.com. No purchase is necessary.
Conagra Brands has announced the launch of over 50 new meals and snacks for summer 2024, expanding its portfolio across various categories. Key highlights include Dolly Parton's new Southern-style frozen meals and desserts, Chef Boyardee's skillet meals, and innovative vegetable dishes from Birds Eye and Alexia. Healthy Choice adds new single-serve meals, while Blake's and Evol introduce protein-packed frozen options. Banquet and Hungry-Man cater to hearty appetites with large portions, and Marie Callender's offers comforting meals. Additionally, globally inspired dishes from Bertolli and P.F. Chang's Home Menu, plant-based meals from Gardein and Purple Carrot, and new gluten-free snacks from Glutino are part of the lineup. This extensive product launch aims to cater to diverse consumer tastes and preferences.
Conagra Brands (NYSE: CAG) announced advancements in its AI initiatives through a human-centered approach. In collaboration with Microsoft and Ernst & Young (EY), the company aims to boost efficiencies by integrating generative AI, intelligent automation, and strategic tools across various operations including IT, Supply Chain, R&D, and Marketing.
Conagra's use of Microsoft Power Platform and Azure OpenAI Service empowers employees to enhance productivity and automate tasks. A joint two-day hackathon with Microsoft led to improved automated product labeling processes.
Collaborations with EY focus on leveraging AI for branding and marketing, streamlining the content creation process through generative AI models. These initiatives complement existing AI strategies, improving decision-making, visibility, and loss prevention in the supply chain.
Tracy Schaefer, Conagra's CIO, highlighted the integration of IT and business strategy to introduce dynamic approaches and respond swiftly to industry trends.
Conagra Brands (NYSE: CAG) will release its fiscal 2024 fourth quarter and full year earnings on July 11, 2024. The release will include a press release, supplemental materials, and pre-recorded remarks that morning. A 30-minute live Q&A session with the investment community is scheduled for 9:30 a.m. ET, accessible via a provided dial-in number and the company's investor relations website. This session will offer insights into the company's performance and future projections.
Vlasic Pickles, a brand of Conagra Brands (NYSE: CAG), has partnered with Think Royln to launch the 'Think Pickle' collection. This line includes pickleball gear and accessories featuring the iconic Vlasic Stork. Items range from $68 to $218 and can be purchased at thinkroyln.com, select retailers, and during the APP New York City Open from May 22-24. The collaboration highlights Vlasic's engagement with the growing sport of Pickleball, including sponsorship of APP events.
Conagra Brands, Inc. (NYSE: CAG) showcases a diverse collection of snacks at the 2024 Sweets & Snacks Expo, including new meat snacks, sweet treats, and savory options. With an impressive $3.2 billion snacks portfolio, the company introduces innovative products to cater to various tastes and preferences.
Vlasic Pickles, a brand of Conagra Brands Inc. (NYSE: CAG), has launched a -edition pickleball collaboration with Sprints and Tervis, offering a range of gear including paddles, bags, and water bottles. Prices range from $22 to $72, available on getsprints.com and tervis.com. The collaboration aims to bring color and style to pickleball players and fans, aligning with Vlasic's sponsorship of the Vlasic Classic™ tour event.
Conagra Brands, Inc. appointed Noelle O'Mara as the Executive Vice President & President of New Platforms and Acquisitions. O'Mara will lead efforts in identifying and scaling new growth platforms and acquisitions, focusing on strategy, innovation, and in-market execution. With over 20 years of experience in the CPG industry, her leadership is expected to drive Conagra's growth strategy forward.
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