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 North American packaged food company behind iconic brands like Birds Eye, Healthy Choice, and Marie Callender's. This news hub provides investors and stakeholders with timely updates on corporate developments, financial performance, and strategic initiatives shaping the frozen foods and consumer goods sectors.
Access official press releases, earnings reports, and operational updates in one centralized location. Track quarterly financial results, product innovation announcements, and supply chain advancements alongside updates on sustainability efforts and leadership changes. Our curated collection ensures transparent access to material information impacting CAG's position in the competitive packaged foods market.
Discover updates across key business areas including retail distribution partnerships, foodservice channel expansions, and technology-driven manufacturing improvements. Content is rigorously maintained to serve as a reliable resource for analyzing Conagra's market trajectory and operational decisions.
Bookmark this page for streamlined monitoring of CAG's corporate communications. Combine these verified updates with broader market analysis to inform your perspective on this consumer staples leader.
Conagra Brands reported a 6.2% increase in net sales for Q4 2022, totaling $2.9 billion, while organic net sales rose 6.8%. However, diluted EPS declined 48.4% to $0.33. For the full fiscal year, net sales grew 3.1% to $11.5 billion, but gross profit decreased 10.7% to $2.8 billion. The company provided guidance for fiscal 2023, expecting organic net sales growth of 4% to 5% and adjusted EPS growth of 1% to 5%.
Conagra Brands (NYSE: CAG) announced the opening of a new vegetable processing facility in Waseca, Minn., with a $300 million investment aimed at modernizing production capabilities. The 245,000 square foot facility, designed for enhanced automation and food safety, can process 120 million pounds of corn, 45 million pounds of peas, and over 20 million pounds of rice annually. The facility replaces a 92-year-old plant and is expected to reduce water usage by 25% per pound produced. In fiscal year 2021, the Birds Eye brand recorded more than $1.5 billion in retail sales.
Conagra Brands (NYSE: CAG) has announced over 50 new products targeting various mealtime preferences, including frozen meals, snacks, and sides. The offerings feature popular brands such as Healthy Choice, Marie Callender's, and Birds Eye, focusing on contemporary flavors and convenient preparation methods. Highlights include single-serve options, plant-based meals, and innovative snacks. With consumer demand for convenient and healthier options rising, Conagra aims to fulfill mealtime needs across grocery aisles. The new products are now available through retail and e-commerce channels.
Conagra Brands, Inc. (NYSE: CAG) will host a webcast and conference call on July 14, 2022, at 9:30 a.m. ET to review its fiscal 2022 fourth quarter results. The news release will be available at 7:30 a.m. ET. Participants can access the conference call by dialing 1-877-883-0383 in the U.S. or 1-412-902-6506 internationally, using passcode 7662840. A replay will be accessible until July 14, 2023. Conagra's evolving portfolio includes well-known brands like Birds Eye® and Marie Callender's®, reflecting its commitment to innovation.
Conagra Brands, Inc. (NYSE: CAG) has appointed Carey Bartell as executive vice president, general counsel, and corporate secretary, effective June 6, 2022. Bartell has over 20 years of legal experience and has been with Conagra for more than six years, previously serving as vice president and chief counsel. Her background includes roles at Hospira and Sachnoff & Weaver, with a strong focus on litigation and compliance. This leadership change aims to bolster the company's legal strategies and support its evolving brand portfolio.
Conagra Brands, Inc. (NYSE: CAG) showcased its extensive $2.9 billion snacking portfolio at the 2022 Sweets & Snacks Expo in Chicago, featuring iconic brands and innovative products aimed at various consumer cravings. New offerings include Slim Jim Monster Short Boi meat sticks and BiGS Little Caesars ExtraMostBestest Pepperoni Pizza Sunflower Seeds, reflecting strong brand leadership in their categories. The Expo provides an opportunity for Conagra to engage customers and highlight merchandising solutions for enhancing product visibility.
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