Conagra Brands, Inc. reports news on a North American branded packaged food business with products across frozen meals, vegetables, snacks, shelf-stable staples, refrigerated foods and foodservice channels. Its portfolio includes brands such as Birds Eye, Duncan Hines, Healthy Choice, Marie Callender's, Reddi-wip, Slim Jim, Banquet, Hunt's, Vlasic, Orville Redenbacher's and Wish-Bone.
Recurring company updates cover quarterly earnings, organic net sales, margins, guidance, dividends, product innovation and portfolio activity. Governance-related news also includes board composition, executive leadership matters and corporate policies affecting the public company.
Conagra Brands, Inc. (NYSE: CAG) will present at the 2023 CAGNY Conference on February 21 at 9 a.m. ET. CEO Sean Connolly and CFO Dave Marberger will discuss the company's business strategies and financial outlook. A video webcast of the presentation, along with the slides, will be available on their investor relations website, with replay access until November 21, 2023. Conagra, based in Chicago, is a leading branded food company with a focus on innovation, offering a diverse portfolio that includes popular brands like Birds Eye, Marie Callender's, and Slim Jim.
Conagra Brands (NYSE: CAG) has launched a new array of products including sweet treats, breakfast mixes, and flavored seeds, debuting in January 2023. This collection features popular brands like Snack Pack and Duncan Hines, with innovative flavors such as Snack Pack Cinnabon and Fruity PEBBLES™ pudding. Conagra's partnerships with brands like Cinnabon enhance product offerings, including Mrs. Butterworth's Cinnabon syrup. Additionally, DAVID® Seeds is collaborating with Frank's RedHot® for new jumbo sunflower seeds. The company emphasizes its focus on consumer preferences and food innovation.
On January 17, 2023, Duncan Hines, a brand under Conagra Brands (NYSE: CAG), announced the launch of four new baking mixes in partnership with Dolly Parton. Following the success of their 2022 collaboration, the new offerings include Buttermilk Biscuit, Sweet Cornbread, Fabulously Fudgy Brownie, and Caramel Turtle Brownie mixes, inspired by Dolly's family recipes. Available starting January, these products will also feature a limited-edition baking kit for $40, including collectible items. Early access for community members begins February 1, while general sales start February 8, 2023.
Conagra Brands (CAG) reported strong second-quarter results for fiscal 2023, ending November 27, with net sales rising 8.3% to $3.3 billion. Organic sales increased 8.6% driven by a 17% improvement in price/mix, despite an 8.4% volume decline. Diluted EPS soared 38.6% to $0.79. The company raised its fiscal 2023 guidance, anticipating 7-8% organic sales growth and adjusted EPS of $2.60 to $2.70. Operating margins improved significantly, reflecting effective management of inflationary pressures and supply chain challenges.
Conagra Brands, Inc. (NYSE: CAG) announced a quarterly dividend of $0.33 per share, set for payment on March 2, 2023. This dividend will be distributed to stockholders on record as of January 30, 2023. Conagra continues to evolve its portfolio, focusing on innovation and catering to changing food preferences.
Conagra Brands announced the successful completion of its annual "United for Change" employee giving campaign, raising over $530,000. The funds will benefit United Way, the ACLU, and Human Rights Watch, focusing on issues like poverty and social justice. Over 2,300 employees participated, enhancing community awareness and supporting vital programs. The campaign emphasizes employee engagement and community relationships, with matching contributions from the Conagra Brands Foundation.
Conagra Brands, Inc. (NYSE: CAG) will hold a webcast and conference call on January 5, 2023, at 9:30 a.m. ET, to discuss its fiscal 2023 second quarter results. The earnings news release will be available at 7:30 a.m. ET the same day. Interested parties can access the live event via the company's investor relations website, with a replay available until January 5, 2024. Conagra is recognized for its extensive portfolio of food brands, catering to evolving consumer preferences.
Marie Callender's, a brand under Conagra (NYSE: CAG), promotes the enjoyment of their popular frozen pot pies during the upcoming Thanksgiving soccer matches against Wales and England. The campaign encourages American fans to adopt British traditions by savoring hearty meat pies during the games. With busy schedules, Marie Callender's pot pies, including Chicken Pot Pie and a new Cauliflower Crust option, offer convenience and flavor. The brand aims to create a new matchday tradition this Thanksgiving week, appealing to both diehard supporters and casual fans.
Conagra Brands recently celebrated America Recycles Day by honoring 17 of its facilities achieving Zero Waste Champion status. These facilities diverted over 183,000 tons of waste, protecting the environment by recycling and donating products. The initiative underscores Conagra's commitment to sustainable practices, having operated the program for more than 10 years. Recognized locations span the US, Canada, and Mexico, emphasizing their dedication to reducing landfill waste and greenhouse gas emissions.
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