Conagra Brands Inc Stock Price, News & Analysis

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.

Conagra Brands (NYSE: CAG) reported Q3 fiscal 2025 results with notable declines across key metrics. Net sales decreased 6.3% to $2.8 billion, with organic net sales down 5.2%. Operating margin fell to 8.4%, representing a 712 basis point decrease, while adjusted operating margin was 12.7%, down 369 basis points.

The company's diluted EPS dropped 53.1% to $0.30, and adjusted EPS declined 26.1% to $0.51. Despite these challenges, Conagra maintained its fiscal 2025 guidance, projecting organic net sales decline of approximately 2%, adjusted operating margin of 14.4%, and adjusted EPS of $2.35.

Performance was impacted by supply constraints in frozen meals containing chicken and frozen vegetable products. The company reported decreased sales across all segments: Grocery & Snacks (-3.2%), Refrigerated & Frozen (-7.2%), International (-17.6%), and Foodservice (-6.1%). Net debt stood at $8.1 billion, representing a 5.9% reduction versus the prior year.

Conagra Brands (NYSE: CAG) has announced its latest quarterly dividend payment. The Board of Directors approved a dividend of $0.35 per share of common stock, which will be paid on May 29, 2025 to stockholders of record as of April 28, 2025.

This announcement continues the company's long-standing tradition of dividend payments, which has remained unbroken since January 1976, demonstrating nearly 50 years of consistent quarterly distributions to shareholders.

Conagra Brands (NYSE: CAG) has partnered with Bloom Energy to implement fuel cell technology at its Troy and Archbold, Ohio production facilities through a 15-year power purchase agreement (PPA). The collaboration will deploy approximately six megawatts of power, covering 70-75% of the facilities' electricity needs while projecting a 19% reduction in greenhouse gas emissions.

Bloom's combustion-free fuel cells will provide sustainable and reliable electricity generation without releasing pollutants like nitrogen oxides, carbon monoxide, and particulate matter. This initiative supports Conagra's 2030 science-based greenhouse gas reduction targets.

Additionally, Conagra has established a $9 million Sustainability Capital Allowance program to support its facilities in achieving sustainability goals through supply chain modernization and environmental impact reduction.

Conagra Brands (NYSE: CAG) has announced it will release its fiscal 2025 third quarter financial results on Thursday, April 3, 2025. The company will provide a comprehensive earnings package including:

• Pre-recorded management remarks
• Press release and supplemental materials
• 30-minute live Q&A session with investors at 9:30 a.m. ET

All materials will be accessible via the company's investor relations website. Investors can join the live Q&A session through a conference call using specific dial-in numbers for U.S. and international participants.