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, Inc. (NYSE: CAG) announced the appointment of George Dowdie to its board of directors, effective March 1, 2022. This will expand the board to 13 members. Dowdie brings significant expertise in supply chain management and research and development, having served as executive vice president of global supply chain at Starbucks and held roles in Campbell Soup Company and other major food corporations. His leadership is seen as beneficial for Conagra's innovation and focus on delivering value to consumers and shareholders.
On January 28, 2022, Conagra Brands (NYSE: CAG) announced a voluntary recall of select Wish-Bone Thousand Island and Chunky Blue Cheese dressings due to undeclared eggs in the labels. The recalled products pose a risk of serious allergic reactions for individuals sensitive to eggs. No illnesses linked to the products have been reported. Conagra is coordinating with retailers to withdraw the affected items from stores and advises consumers to dispose of the products. This recall does not affect other Wish-Bone or Conagra Brands offerings.
Duncan Hines, a brand of Conagra Brands (NYSE: CAG), is unveiling a new line of Southern-inspired desserts in collaboration with Dolly Parton. This collection features cake mixes and frostings based on Parton's family recipes, including Coconut and Banana Puddin' Cakes. Available online starting January 26, 2022, for $40, the collection includes a collectible tea towel and spatula. Full retail availability is set for March, with cake mixes priced at $2.19 and frostings at $2.09. The partnership aims to offer a taste of Southern comfort through homemade baking experiences.
Conagra Brands reported a net sales increase of 2.1% to $3.1 billion for Q2 fiscal 2022, with organic net sales growing 2.6%. However, diluted EPS fell 26% to $0.57, affected by a 15.1% drop in gross profit. Adjusted operating margin decreased to 14.6%. The company anticipates organic net sales growth of around 3% and adjusted EPS guidance remains at $2.50. CEO Sean Connolly highlighted sustained consumer demand but acknowledged continued cost pressures.
Conagra Brands, Inc. (NYSE: CAG) has announced a quarterly dividend payment of $0.3125 per share, set to be paid on March 2, 2022. This dividend will benefit stockholders recorded as of January 31, 2022. As a leading branded food company in North America, Conagra continues to adapt its portfolio to meet evolving consumer preferences, showcasing a mix of iconic and emerging brands. This dividend reflects the company's commitment to returning value to its shareholders.
Conagra Brands, Inc. (NYSE: CAG) will hold a webcast and conference call to discuss its fiscal 2022 second quarter results on January 6, 2022, at 9:30 a.m. ET. A news release will be available at 7:30 a.m. ET the same day. Participants can access the call by dialing 1-877-883-0383 (U.S.) or 1-412-902-6506 (international) with the passcode 3428984. The event will feature a Q&A session following the presentation. A replay will be available until January 6, 2023.
Conagra Brands announced the success of its "United For Change" campaign, raising over $520,000 to support organizations like the United Way, ACLU, and Human Rights Watch. More than 2,260 employees from 36 locations contributed to this charitable initiative aimed at combating poverty and promoting social justice. The campaign also aimed to enhance employee understanding of community disparities and included matching contributions from the Conagra Brands Foundation. Senior Director Robert Rizzo emphasized the company's commitment to effecting positive change in local communities.
On November 19, 2021, Conagra Brands (NYSE: CAG) announced a voluntary recall of Birds Eye Broccoli Tots due to potential contamination with small rocks and metal fragments. The recall affects 12-ounce packages with specific best buy dates, following consumer reports of injury. Conagra is collaborating with retailers to remove the affected products from shelves. Consumers are advised to dispose of the recalled items and contact Conagra for assistance. The company has received two reports of dental damage linked to the product, highlighting a serious safety concern.
Coors Light launches the Hungry-Beerman Chill Holiday Feast, a festive meal designed to ease holiday stress, in partnership with Hungry-Man. This limited edition meal, available on November 19 at Terrible’s Market Store in Nevada, aims to simplify holiday dining with an easy preparation and an accompanying Coors Light. The campaign features a commercial showcasing holiday-hero Beerman and includes exclusive holiday merchandise like onesies and beanies, becoming available starting December 1. The overall focus is on delivering a stress-free holiday experience.
FAQ
What is the current stock price of Conagra Brands (CAG)?
What is the market cap of Conagra Brands (CAG)?
