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 1.0% decrease in net sales for Q1 FY 2022, totaling $2.7 billion. Organic net sales fell 0.4%, impacted by a 2.0% volume decrease due to lapping prior year's COVID-19 demand surge. Adjusted diluted EPS dropped 28.6% to $0.50. Despite these declines, the company anticipates organic net sales growth of approximately 1%, up from flat guidance, driven by sustained consumer demand. Gross inflation is now projected at 11%. The CEO expressed confidence in the company's strategy to navigate inflation and leverage consumer shifts.
Conagra Brands (NYSE: CAG) returns to the 2021 NACS Show in Chicago, showcasing its $2.7 billion snacking portfolio. The company highlights new products, including a spicy Slim Jim Savage, a cheese variant, and BiGS sunflower seeds in collaboration with Little Caesars. ACT II launches Butter Lovers ready-to-eat popcorn, while Andy Capp’s introduces Hot Beer Battered Onion Rings. Conagra aims to enhance in-store strategies for retailers, focusing on product visibility and merchandising solutions to drive impulse purchases.
Conagra Brands, Inc. (NYSE: CAG) has declared a quarterly dividend of $0.3125 per share, to be paid on December 1, 2021. Stockholders of record as of the close of business on November 1, 2021 will receive this payment. This decision underscores the company's commitment to returning value to its shareholders while continuing to adapt its portfolio to meet evolving consumer preferences.
On Sept. 17, 2021, Conagra Brands Foundation announced $350,000 in grants through its "Nourish Our Community" program, aimed at combating food insecurity. The funds will be distributed among 17 nonprofits across the U.S. The program empowers employees to nominate local organizations addressing issues like domestic hunger, nutrition education, and urban agriculture. Robert Rizzo, Senior Director of the Foundation, emphasized the importance of these community partnerships in alleviating hunger, impacting millions of Americans daily.
Conagra Brands (CAG) announced a webcast and conference call scheduled for October 7, 2021, to discuss its fiscal 2022 first quarter results. The earnings release will be available at 7:30 a.m. ET, with the call starting at 9:30 a.m. ET. Investors can access the call by dialing 1-877-883-0383 (U.S.) or 1-412-902-6506 (international). The company's website will host the live audio and presentation slides, and a replay will be available until October 7, 2022.
On July 26, 2021, Conagra Brands (NYSE: CAG) announced the appointment of Fran Horowitz to its board of directors, effective August 2, 2021, expanding the board to 12 members. Chairman Richard H. Lenny emphasized that Horowitz's extensive experience in building consumer brands will benefit the company and its shareholders. Fran Horowitz, currently CEO of Abercrombie & Fitch Co., expressed her enthusiasm to contribute to Conagra's growth, reinforcing the company's commitment to innovation and consumer focus.
Conagra Brands (CAG) reported its Q4 and full-year 2021 results, revealing a 16.7% decline in net sales and a 10.1% drop in organic sales due to last year’s pandemic-related surge. Despite these challenges, diluted EPS rose 56.1% to $0.64. For the full year, net sales increased 1.2%, and diluted EPS reached $2.66, a 54.7% increase. The company anticipates flat organic sales growth for FY 2022, alongside an adjusted operating margin near 16%. Conagra's board approved a 14% dividend increase, reflecting confidence in business strength.
Conagra Brands (NYSE: CAG) is launching a variety of new food products this summer, focusing on meals and sides with enhanced flavor and quality. The portfolio includes keto-friendly options from Healthy Choice, mega pizzas from Banquet, and innovative dishes from Birds Eye and Gardein. Notable new offerings are Healthy Choice Zero Sesame Chicken with Zoodles and Gardein Ultimate Plant-Based Chick'n. This product expansion aims to meet the growing demand for convenient, flavorful, and plant-based foods, reflecting Conagra's commitment to innovation in the food market.
Conagra Brands (NYSE: CAG) announced it is accelerating its transition to 100% cage-free eggs, targeting completion by the end of fiscal year 2024, a year earlier than its original commitment of 2025. The company plans incremental increases in cage-free egg usage, aiming for 20% by the end of fiscal year 2021, 45-50% by 2022, and 60-70% by 2023. This initiative is in response to consumer demand for better animal treatment, emphasizing responsible animal welfare practices as essential for customers and investors.
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