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. 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 has announced the release of a limited-edition "Ugly" sweater designed for comfort and functionality. The sweater features an insulated pocket to keep Swiss Miss Hot Cocoa warm, retailing for $44.95 starting November 1. Available in sizes XS to 3X, the sweaters have limited quantities. Alongside the sweater, Swiss Miss offers a range of hot cocoa flavors, including classic and seasonal options. This unique product aims to enhance holiday parties, positioning Swiss Miss as a fun and festive brand this season.
Conagra Brands has launched Reddi-wip Zero Sugar, a keto-friendly whipped topping with zero grams of sugar and 15 calories per serving. Made with real cream and without artificial flavors, this new product is designed for consumers looking to reduce sugar intake while still enjoying flavorful toppings. It features sucralose as a sweetener and is available in both 6.5-ounce and 13-ounce sizes, retailing between $2.99 to $5.29. Reddi-wip Zero Sugar can be found in U.S. retailers and online, catering to the growing demand for healthier dietary options.
Birds Eye, a leading frozen vegetable brand, is launching new Sheet Pan Meals aimed at reducing the time Americans spend on dishwashing, which averages over 25 minutes daily. The product line includes meals like Chicken with Balsamic Flavored Sweet Potatoes and Italian Sausage with Peppers, all requiring no prep and ready in just 25 minutes. A recent survey shows that nearly 227 million Americans spend more than six days a year washing dishes, with many willing to sacrifice personal time to avoid it. These meals are priced at $5.99 and are now available in stores nationwide.
Conagra Brands and Hallmark Channel have partnered for the 'Snack, Watch and Win' Sweepstakes, offering a grand prize home theater package worth $6,000 and a year’s supply of Orville Redenbacher's popcorn. The sweepstakes is open for entries until December 31, 2021, with 50 first prizes of popcorn and a limited-edition bowl. This promotion aims to enhance family movie nights, aligning with Hallmark's popular 'Countdown to Christmas' programming starting on October 22. The event celebrates Orville Redenbacher's role as a leading popcorn brand.
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Slim Jim, a leading protein snack brand, has launched Doge-themed merchandise in partnership with DogeDrip, a startup from the Dogecoin community. The collection includes limited-edition t-shirts and a baseball cap, available for purchase using cryptocurrency or cash. The shirts are priced at $24.69, and the cap at $21.69. This move follows Slim Jim's successful first NFT charity auction that raised $26,000 for World Central Kitchen. The collaboration highlights Slim Jim's innovative approach in the crypto space, appealing to its meme-loving fanbase.
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.
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