Conagra Brands Inc - CAG STOCK NEWS

Conagra Brands (NYSE: CAG) has formed multi-year partnerships with the Thurgood Marshall College Fund and the Hispanic Scholarship Fund to support Black and Brown students. These partnerships will provide scholarships and additional resources to ensure equitable access to higher education. Conagra's commitment includes financial assistance and professional development for students, aiming to overcome barriers to education costs. The initiative is part of Conagra's broader diversity and inclusion strategy, focusing on enhancing representation within the company and cultivating future leaders.

Conagra Brands has appointed Alexandre "Ale" Eboli as the new executive vice president and chief supply chain officer, effective August 2, succeeding retiring Dave Biegger. Eboli brings 25 years of experience in global supply chain leadership, having previously led the North America supply chain for Unilever, overseeing a $10 billion footprint and 14 manufacturing facilities. His role at Conagra will encompass all aspects of the supply chain, including manufacturing, logistics, and procurement. Eboli aims to drive innovation and growth within the company.

On April 20, 2021, Gardein, a brand of Conagra Brands (NYSE: CAG), launched the "Plant-Based Double Take Challenge" in celebration of National Look Alike Day. The initiative encourages consumers to recreate their favorite meat dishes using Gardein products, featuring a collection of four new plant-based recipes created by the Potash Twins. Participants can enter the challenge until May 20 by sharing their creations on social media or through the Gardein website. This partnership aims to inspire a shift towards plant-based eating.

Conagra Brands, Inc. (NYSE: CAG) has announced a quarterly dividend payment of $0.275 per share, scheduled for June 2, 2021. This payment will benefit stockholders who are on record as of the close of business on April 30, 2021. This dividend reflects the company's commitment to returning value to its shareholders and is a testament to its stable financial performance amidst evolving consumer preferences.

Conagra Brands reported an 8.5% rise in third-quarter net sales to $2.8 billion, with organic net sales up 9.7%. Diluted EPS increased by 38.1% to $0.58, driven by a strong focus on retail segments due to elevated at-home consumption during COVID-19. The company repurchased 8.8 million shares for $298 million. However, fourth-quarter guidance indicates a decline in organic net sales by 10% to 12%. Overall, the company is optimistic about future growth and has reaffirmed its fiscal 2022 guidance.

Conagra Brands, Inc. (NYSE: CAG) has appointed Chaly Jo Moyen as the new Chief Strategy Officer and President of Foodservice & International, effective April 12, 2021. This newly created position will focus on executing Conagra's strategic initiatives and overseeing its international business and foodservice division. Moyen brings over 15 years of relevant experience from the Coca-Cola Company, where she was Senior Vice President of Strategy. Her expertise in brand marketing and customer leadership is expected to enhance Conagra's innovation and growth.

Conagra Brands, Inc. (NYSE: CAG) will host a webcast and conference call on April 8, 2021, at 9:30 a.m. ET to discuss its fiscal 2021 third quarter results. The news release is set to be issued at approximately 7:30 a.m. ET. Investors can access the call by dialing 1-877-883-0383 or 1-412-902-6506 for international participants. A replay of the webcast will be available until April 8, 2022. Further details and the audio webcast can be found on conagrabrands.com/investor-relations.

Conagra Brands has partnered with SOUR PATCH KIDS to launch a new range of Juicy Gels, available in REDBERRY and Blue Raspberry flavors. Made with real sugar, these gluten-free gels contain 0 grams of fat and 100 calories per serving, priced at $2.79 per pack. This collaboration aims to enhance consumer snacking experiences by combining the iconic flavors of both brands. Available in grocery stores and online from early February 2021, this initiative aligns with Conagra's commitment to innovation and growth in their food portfolio.

Conagra Brands, Inc. (NYSE: CAG) will present at the 2021 CAGNY Conference on February 16, 2021, at 9:20 a.m. ET. CEO Sean Connolly and CFO Dave Marberger will discuss the company's business strategies and financial outlook. A video webcast and presentation slides will be available on conagrabrands.com/investor-relations, with a replay accessible until February 16, 2022. Conagra is a leading branded food company in North America, known for its innovative portfolio that includes well-known brands like Birds Eye®, Healthy Choice®, and Reddi-wip®.