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.
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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Conagra Brands, Inc. (NYSE: CAG) will hold a webcast and conference call on July 13, 2021, at 9:30 a.m. ET, to discuss its fiscal 2021 fourth quarter results. The earnings release will be available at approximately 7:30 a.m. ET.
Investors can access the live audio webcast at conagrabrands.com/investor-relations. The conference call can be joined by calling 1-877-883-0383 (U.S.) or 1-412-902-6506 (international), with the passcode 7112739.
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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.