Conagra Brands Inc Stock Price, News & Analysis

Conagra Brands (NYSE: CAG) has scheduled the release of its fiscal 2025 fourth quarter and full year financial results for July 10, 2025. The company will publish a press release and supplemental materials, including pre-recorded remarks, before market open. A 30-minute live Q&A session with investors will follow at 9:30 a.m. ET. Investors can access all materials including the press release, presentation slides, and audio Q&A through Conagra's investor relations website. The Q&A session will also be available via telephone conference, with separate dial-in numbers for U.S. (1-877-883-0383) and international participants (1-412-902-6506) using passcode 5130344.

Conagra Brands (NYSE: CAG) has announced a definitive agreement to sell its Van de Kamp's and Mrs. Paul's frozen seafood brands to High Liner Foods for $55 million in cash. The deal includes intellectual property and inventory but excludes employees and manufacturing facilities. The brands contributed approximately $75 million to Conagra's fiscal year 2024 net sales and the divestiture is expected to have a ($0.01) impact on FY2026 adjusted EPS. The transaction, set to close by July 2025, aligns with Conagra's strategy to reshape its portfolio and focus on core frozen offerings. The proceeds will be used to reduce debt. Van de Kamp's and Mrs. Paul's are leading brands in the U.S. frozen breaded and battered seafood category, offering products like crispy battered fillets, breaded fish for sandwiches, and fish sticks.

Conagra Brands (NYSE: CAG) has completed the sale of its iconic Chef Boyardee brand to Hometown Food Company, a portfolio company of Brynwood Partners. The transaction includes the manufacturing facility in Milton, Pennsylvania, along with all assets and operations related to Chef Boyardee's shelf-stable products business. Notably, Conagra will retain licensing rights for Chef Boyardee frozen skillet meals through a licensing agreement with Hometown Food Company. Conagra Brands, a leading North American food company with over $12 billion in fiscal 2024 net sales, continues to maintain a diverse portfolio of popular brands including Birds Eye, Duncan Hines, Healthy Choice, Marie Callender's, Reddi-wip, Slim Jim, and Angie's BOOMCHICKAPOP.

Dolly Parton and Conagra Brands (NYSE: CAG) have expanded their retail food partnership with a new line of Southern-inspired single-serve frozen meals. The collection features four dishes priced at $4.49 each: Beef Pot Roast, Chicken & Dumplings, Country Fried Steak, and Shrimp & Grits. Additionally, they've launched Dolly Parton's Biscuit Batter Peach Cobbler, a multi-serve frozen dessert priced at $9.99. This expansion builds upon their successful 2022 collaboration with Duncan Hines baking products. The new products are now available nationwide at major grocery retailers, offering convenient, heat-and-eat options that bring Southern comfort food to consumers' homes.

Conagra Brands (NYSE: CAG) is showcasing its $3.2 billion snacks portfolio at the 2025 Sweets & Snacks Expo in Indianapolis from May 13-15. The company will feature products across two booths: one dedicated to meat snacks and another for salty & sweet snacks. Key highlights include: Meat Snacks Booth: Features new Slim Jim Buffalo Wild Wings chicken sticks in Buffalo and Hot flavors ($1.99), FATTY premium grass-fed meat sticks, and Duke's Smoked Shorty Sausages. Salty & Sweet Snacks Booth: Introduces several new products including: - Snack Pack DOVE Dark Chocolate Pudding Cups ($3.19/6-pack) - Vlasic Pickle Balls in new Spicy flavor ($2.49) - DAVID Seeds Cinnamon Churro flavor ($2.29) - BiGS Taco Bell Fire! Sauce seeds ($3.29) - Glutino Wafer Bites in Chocolate Peanut Butter and Pink Lemonade ($6.99) - Angie's BOOMCHICKAPOP in Mango Habanero and Cinnamon Churro ($3.99) - Andy Capp's Cheesy Tots ($1.49)

Hometown Food Company, owned by Brynwood Partners IX L.P., has agreed to acquire the Chef Boyardee brand from Conagra Brands (NYSE: CAG) for $600 million. The deal includes an 820,000 square foot facility in Milton, PA, with 500 employees. The transaction is expected to close in Q2 2025. Chef Boyardee, a century-old brand known for shelf-stable meals like Beef Ravioli and Beefaroni, will join Hometown's portfolio of brands including Pillsbury, Hungry Jack, and Birch Benders. Post-acquisition, Hometown will have annual gross revenues exceeding $1.6 billion and operate four manufacturing facilities with approximately 1,500 employees. This marks Brynwood's largest acquisition in its 40-year history, expanding its total network to 20 U.S. facilities, 5,500 employees, and over $3.7 billion in annual sales.

Conagra Brands (NYSE: CAG) has announced the sale of its Chef Boyardee brand to Hometown Food Company for $600 million in cash. The transaction includes the Milton, Pa. manufacturing facility and all shelf-stable products, except frozen skillet meals which will be licensed back to Conagra. The Chef Boyardee products being sold contributed $450 million to Conagra's FY2024 net sales. The deal is expected to close in Q1 of FY2026 and will be approximately 4% dilutive to adjusted earnings per share. Conagra plans to use the proceeds to reduce debt, aligning with its strategy to reshape its portfolio and focus on frozen foods and healthy snacking businesses.

Conagra Brands (NYSE: CAG) has announced its participation in the upcoming Goldman Sachs Global Staples Forum. The event will feature a fireside chat with key company executives on Tuesday, May 13.

Two top leaders will represent Conagra:

• Sean Connolly - President and Chief Executive Officer
• Dave Marberger - Executive Vice President and Chief Financial Officer

The discussion is scheduled to begin at 8:55 a.m. ET. Investors and interested parties can access a live video webcast through the company's investor relations website at conagrabrands.com/investor-relations under Events & Presentations. The webcast recording will remain available for replay until November 13, 2025.

Conagra Brands (NYSE: CAG) has released its 2024 Citizenship Report, highlighting initiatives across four focus areas: Good Food, Responsible Sourcing, Better Planet, and Stronger Communities. Key achievements include:

- 100% of production facilities achieved GFSI certification
- Over 71% of frozen meals and 85% of plant-based products met 'healthier' food thresholds
- Implemented regenerative agriculture practices reducing nitrogen use by 288,000 lbs
- Achieved 90% waste diversion rate across facilities
- Donated 24.5 million pounds of food to Feeding America

The company, which generated over $12 billion in fiscal 2024 net sales, demonstrated progress in sustainable practices, including 15% water reduction in tomato farming through drip irrigation and employee contribution of 12,000 volunteer hours across 180 nonprofit agencies.