BANQUET® MEGA™ BREAKFAST BOWLS DELIVER BIG PROTEIN FOR YOUR MORNING

Rhea-AI Summary

Conagra Brands (NYSE: CAG) launched Banquet® MEGA™ Breakfast Bowls on Feb 2, 2026, four frozen varieties each with 30g protein per bowl and marketed as having 25% more food than the leading breakfast bowl. Bowls use tray-in-tray steaming tech and begin arriving in stores in February.

Products target the $626 million breakfast bowls category and emphasize convenience and protein-focused positioning.

Positive

• 30g protein per bowl—explicit nutritional claim likely to drive protein-seeking shoppers
• 25% more food than leading breakfast bowl—claims a size advantage versus competitor
• Targets $626M category—launch addresses a sizable breakfast bowls market opportunity

Negative

• None.

News Market Reaction

-0.70%

1 alert

-0.70% News Effect

On the day this news was published, CAG declined 0.70%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Protein per bowl: 30g Varieties launched: 4 Breakfast bowls category size: $626 million +1 more

4 metrics

Protein per bowl 30g Banquet MEGA Breakfast Bowls serving size

Varieties launched 4 Four Banquet MEGA Breakfast Bowl options

Breakfast bowls category size $626 million U.S. breakfast bowls category sales

Incremental food amount 25% more food Versus leading breakfast bowl brand

Market Reality Check

Price: $19.38 Vol: Volume 13,991,371 is slig...

normal vol

$19.38 Last Close

Volume Volume 13,991,371 is slightly above the 20-day average of 13,287,645. normal

Technical Shares at $18.51 are trading below the 200-day MA of $19.5 and about 35% under the 52-week high.

Peers on Argus

CAG is up 3.81% while key packaged food peers show smaller mixed moves (e.g., PO...

CAG is up 3.81% while key packaged food peers show smaller mixed moves (e.g., POST up 3.09%, BRFS down 4.79%). With no peers in the momentum scanner and mixed directions, today’s move looks more company-specific than sector-driven.

Historical Context

5 past events · Latest: Jan 15 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 15	Share buyback update	Positive	+1.5%	Shell disclosed ongoing share repurchases and volumes under its buy-back programme.
Jan 14	Industry trends report	Positive	+3.3%	Conagra highlighted growth trends in high-protein and breakfast frozen foods.
Dec 19	Quarterly earnings results	Negative	-2.5%	Q2 fiscal 2026 showed lower sales, large impairments, and a net loss.
Dec 18	Dividend declaration	Positive	-0.7%	Company declared a recurring <b>$0.35</b> quarterly cash dividend for shareholders.
Nov 19	Earnings date notice	Neutral	+0.1%	Scheduled release and call details for upcoming Q2 fiscal 2026 earnings.

Pattern Detected

Across the last five news events, four price reactions aligned with the apparent news tone, with only the dividend announcement showing a mild divergence.

Recent Company History

Recent news shows Conagra balancing strategic communication, capital returns, and challenging fundamentals. The Dec 19, 2025 Q2 results highlighted weaker sales and large non-cash impairments, while a $0.35 quarterly dividend on Dec 18, 2025 underscored continued shareholder payouts. Earlier, the company set expectations with an earnings date announcement and later published its “Future of Frozen Food 2026” report on Jan 14, 2026, emphasizing high-protein frozen trends. Against this backdrop, the new high‑protein Banquet MEGA Breakfast Bowls fit the documented growth focus in frozen breakfasts.

Market Pulse Summary

This announcement highlights Conagra’s push into high‑protein frozen breakfasts with Banquet MEGA Br...

Analysis

This announcement highlights Conagra’s push into high‑protein frozen breakfasts with Banquet MEGA Breakfast Bowls, each offering 30g of protein and 25% more food than a leading rival. It builds on the company’s prior research showing growth in frozen breakfast and high‑protein segments. Investors may monitor how this launch supports recovery from recent impairment‑driven losses, interacts with existing Banquet leadership in frozen meals, and contributes to overall category share within the $626 million breakfast bowls market.

Key Terms

tray-in-tray steaming technology

1 terms

tray-in-tray steaming technology technical

"The bowls feature a tray-in-tray steaming technology that separates the sauce..."

A tray-in-tray steaming technology is a packaging and processing method where an inner container holding the product sits inside a larger tray that channels steam for cooking or sterilizing without opening the package. Like a nested lunchbox that lets you heat food safely in its own container, it preserves freshness, reduces contamination risk, and can speed production. Investors care because it can lower manufacturing costs, extend shelf life, simplify regulatory approvals, and open new markets for ready-to-eat or sterilized products, affecting revenue and capital investment needs.

AI-generated analysis. Not financial advice.

Four Delicious Varieties Feature 30g of Protein Per Bowl

CHICAGO, Feb. 2, 2026 /PRNewswire/ -- Conagra Brands, Inc. (NYSE: CAG), one of North America's leading branded food companies, is bringing a protein-packed new offering to breakfast with the debut of new Banquet® MEGA™ Breakfast Bowls. With 30g of protein per bowl, four new varieties offer a hearty, tasty breakfast that's built on the Banquet MEGA promise of big flavor, big protein, and big value¹.

Across the growing $626 million breakfast bowls category², consumers are seeking protein — it's the top attribute they look for when making a purchase³. Banquet MEGA Breakfast Bowls are an ideal solution. Ready in minutes, each offers 30g of protein per bowl to help fuel you through the morning. And with 25% more food than the leading breakfast bowl brand⁴, you truly get a MEGA meal.

The bowls feature a tray-in-tray steaming technology that separates the sauce and ingredients while frozen, then steams them to perfection in the microwave – ensuring your eggs stay fluffy, potatoes tender, and proteins juicy. After heating, simply mix the sauce with the other ingredients for a deliciously cheesy breakfast.

"We can't wait for the debut of Banquet MEGA Breakfast Bowls," said Tim Nangle, VP/GM, Conagra Brands. "Consumers are looking for protein-packed meals to start their day, and these four new flavors are an ideal solution that's both convenient and delicious."  

Banquet MEGA Breakfast Bowls arrive with four satisfying options, including:

• Meat Lovers: Scrambled eggs, cooked sausage, roasted potatoes, ham, bacon, cheddar cheese sauce and cheddar cheese
• Bacon: Scrambled eggs, roasted potatoes, bacon, cheddar cheese sauce and shredded cheese
• Sausage: Scrambled eggs, cooked sausage, roasted potatoes, cheddar cheese sauce and shredded cheese
• Sausage & Gravy: Scrambled eggs, cooked sausage, roasted potatoes, country gravy and shredded cheese

As the dollar sales leader in single-serve frozen meals, breakfast pot pies, and frozen cooked sausage links⁵, Banquet is the perfect brand to deliver a protein-packed breakfast offering. Banquet MEGA Breakfast Bowls will begin arriving in grocery and mass retail stores throughout February. For more information, visit www.banquet.com.

1: Based on average price per ounce versus leading competitors; Circana MA POS Model MULO+C w/ Conv L52 W/E 12/21/25
2, 4-5: Circana MA POS Model MULO+C w/ Conv L52 W/E 12/21/25
3: NPD HABTS through May 6, 2025 (list excludes ingredients like Fruit, Vegetables and Water)

About Conagra Brands

Conagra Brands, Inc. (NYSE: CAG), is one of North America's leading branded food companies. We combine a 100-year history of making quality food with agility and a relentless focus on collaboration and innovation. The company's portfolio is continuously evolving to satisfy consumers' ever-changing food preferences. Conagra's brands include Birds Eye®, Duncan Hines®, Healthy Choice®, Marie Callender's®, Reddi-wip®, Slim Jim®, Angie's® BOOMCHICKAPOP®, and many more. As a corporate citizen, we aim to do what's right for our business, our employees, our communities and the world. Headquartered in Chicago, Conagra Brands generated fiscal 2025 net sales of nearly $12 billion. For more information, visit www.conagrabrands.com.

For all media inquiries, please contact:
Dan Skinner 
Conagra Brands
(312) 549 -5636
Dan.Skinner@conagra.com

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/banquet-mega-breakfast-bowls-deliver-big-protein-for-your-morning-302673662.html

SOURCE Conagra Brands, Inc.

FAQ

What are Banquet MEGA Breakfast Bowls and how much protein do they contain (CAG)?

They are frozen single-serve breakfast bowls with 30g protein per bowl. According to Conagra, each variety delivers 30g protein and ready-in-minutes convenience, positioned to appeal to consumers prioritizing protein at breakfast.

When will Banquet MEGA Breakfast Bowls (CAG) be available in stores?

Banquet MEGA Breakfast Bowls begin arriving in grocery and mass retail stores throughout February 2026. According to Conagra, distribution will roll out during February, with availability varying by retailer and region.

Which flavors are included in Banquet MEGA Breakfast Bowls from Conagra (CAG)?

Four varieties: Meat Lovers, Bacon, Sausage, and Sausage & Gravy. According to Conagra, each includes scrambled eggs, roasted potatoes, and protein components plus sauces or cheese per flavor profile.

How do Banquet MEGA Breakfast Bowls compare to competitors on size and category (CAG)?

Conagra says the bowls contain 25% more food than the leading breakfast bowl and target the $626 million breakfast bowls category. According to Conagra, the product positions on size, protein, and price-per-ounce metrics.