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) released its 2022 Citizenship Report on March 13, 2023, highlighting its environmental and social initiatives. Key accomplishments include adding over 350 SKUs to Women, Infants and Children-approved product lists and avoiding 35 million pounds of plastic since 2017. The company has conserved 3.7 billion gallons of water and decreased its carbon footprint by 215,000 metric tons through employee-led programs. Additionally, Conagra donated over 20 million pounds of food to address food insecurity. The report aims to underline Conagra's commitment to healthy communities and sustainable practices.
Conagra Brands, Inc. (NYSE: CAG) will host a webcast and conference call to discuss its fiscal 2023 third quarter results on April 5, 2023, at 9:30 a.m. ET. The earnings news release will be available at approximately 7:30 a.m. ET. Investors can access the call by dialing 1-877-883-0383 for U.S. participants or 1-412-902-6506 for others, using passcode 2483233. A replay of the webcast will be available until April 5, 2024. Conagra is known for its iconic brands, including Birds Eye, Marie Callender's, and Healthy Choice, and is focused on innovation to meet changing food preferences.
Conagra Brands, Inc. (NYSE: CAG) will present at the 2023 CAGNY Conference on February 21 at 9 a.m. ET. CEO Sean Connolly and CFO Dave Marberger will discuss the company's business strategies and financial outlook. A video webcast of the presentation, along with the slides, will be available on their investor relations website, with replay access until November 21, 2023. Conagra, based in Chicago, is a leading branded food company with a focus on innovation, offering a diverse portfolio that includes popular brands like Birds Eye, Marie Callender's, and Slim Jim.
Conagra Brands (NYSE: CAG) has launched a new array of products including sweet treats, breakfast mixes, and flavored seeds, debuting in January 2023. This collection features popular brands like Snack Pack and Duncan Hines, with innovative flavors such as Snack Pack Cinnabon and Fruity PEBBLES™ pudding. Conagra's partnerships with brands like Cinnabon enhance product offerings, including Mrs. Butterworth's Cinnabon syrup. Additionally, DAVID® Seeds is collaborating with Frank's RedHot® for new jumbo sunflower seeds. The company emphasizes its focus on consumer preferences and food innovation.
On January 17, 2023, Duncan Hines, a brand under Conagra Brands (NYSE: CAG), announced the launch of four new baking mixes in partnership with Dolly Parton. Following the success of their 2022 collaboration, the new offerings include Buttermilk Biscuit, Sweet Cornbread, Fabulously Fudgy Brownie, and Caramel Turtle Brownie mixes, inspired by Dolly's family recipes. Available starting January, these products will also feature a limited-edition baking kit for $40, including collectible items. Early access for community members begins February 1, while general sales start February 8, 2023.
Conagra Brands (CAG) reported strong second-quarter results for fiscal 2023, ending November 27, with net sales rising 8.3% to $3.3 billion. Organic sales increased 8.6% driven by a 17% improvement in price/mix, despite an 8.4% volume decline. Diluted EPS soared 38.6% to $0.79. The company raised its fiscal 2023 guidance, anticipating 7-8% organic sales growth and adjusted EPS of $2.60 to $2.70. Operating margins improved significantly, reflecting effective management of inflationary pressures and supply chain challenges.
Conagra Brands, Inc. (NYSE: CAG) announced a quarterly dividend of $0.33 per share, set for payment on March 2, 2023. This dividend will be distributed to stockholders on record as of January 30, 2023. Conagra continues to evolve its portfolio, focusing on innovation and catering to changing food preferences.
Conagra Brands announced the successful completion of its annual "United for Change" employee giving campaign, raising over $530,000. The funds will benefit United Way, the ACLU, and Human Rights Watch, focusing on issues like poverty and social justice. Over 2,300 employees participated, enhancing community awareness and supporting vital programs. The campaign emphasizes employee engagement and community relationships, with matching contributions from the Conagra Brands Foundation.
Conagra Brands, Inc. (NYSE: CAG) will hold a webcast and conference call on January 5, 2023, at 9:30 a.m. ET, to discuss its fiscal 2023 second quarter results. The earnings news release will be available at 7:30 a.m. ET the same day. Interested parties can access the live event via the company's investor relations website, with a replay available until January 5, 2024. Conagra is recognized for its extensive portfolio of food brands, catering to evolving consumer preferences.
Marie Callender's, a brand under Conagra (NYSE: CAG), promotes the enjoyment of their popular frozen pot pies during the upcoming Thanksgiving soccer matches against Wales and England. The campaign encourages American fans to adopt British traditions by savoring hearty meat pies during the games. With busy schedules, Marie Callender's pot pies, including Chicken Pot Pie and a new Cauliflower Crust option, offer convenience and flavor. The brand aims to create a new matchday tradition this Thanksgiving week, appealing to both diehard supporters and casual fans.
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