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.
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.
Conagra Brands recently celebrated America Recycles Day by honoring 17 of its facilities achieving Zero Waste Champion status. These facilities diverted over 183,000 tons of waste, protecting the environment by recycling and donating products. The initiative underscores Conagra's commitment to sustainable practices, having operated the program for more than 10 years. Recognized locations span the US, Canada, and Mexico, emphasizing their dedication to reducing landfill waste and greenhouse gas emissions.
Conagra Brands (NYSE: CAG) announces the return of the limited-edition Swiss Miss Holiday Sweater for the 2022 season, available for purchase starting November 3, 2022, for $59.95. The sweater features a reversible sequin design, allowing wearers to switch messages from 'I am hot' to 'I am sweet.' It is scented with hot cocoa aroma and includes an insulated pocket for thermoses. This seasonal promotion aims to attract hot cocoa enthusiasts and enhance brand visibility during the holiday period. The availability is limited, emphasizing urgency for potential buyers.
Conagra Brands, owner of Orville Redenbacher's, has partnered with Hallmark Channel to launch the "Snack, Watch and Win" Sweepstakes. The grand prize includes a home theater package valued at $6,000, alongside a year’s supply of Orville Redenbacher's popcorn. Additionally, a total of 50 first prize winners will receive popcorn and a Hallmark movie DVD. The sweepstakes runs until December 31, 2022, and requires no purchase for entry. This marks the fourth consecutive year of collaboration between the two brands, focusing on enhancing festive movie experiences.
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