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, 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®.
Conagra Brands (NYSE: CAG) reported a strong Q2 FY2021, with net sales increasing by 6.2% to $3.0 billion. Organic net sales grew 8.1%, driven by consumer shifts toward at-home meals due to COVID-19. Adjusted EPS rose 28.6% to $0.81. The company reduced gross debt by $2.3 billion, achieving a Net Leverage Ratio of 3.6x, ahead of schedule. For Q3 FY2021, Conagra expects organic net sales growth between 6% and 8%. Despite this success, the Foodservice segment saw a 23.1% drop in sales due to lower restaurant traffic.
Duncan Hines, a brand under Conagra Brands (NYSE: CAG), is excited to announce the launch of its new EPIC Baking Kits. Available in five flavors, including Fruity PEBBLES™ Cake Kit and Salted Caramel Brownie Kit, these kits are designed for easy home baking in just four steps. The kits will hit grocery stores and online retailers in March 2021, priced at $5.49 each. This initiative aims to tap into the growing trend of baking at home and celebrate the 50th anniversary of PEBBLES cereal.
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Conagra Brands (NYSE: CAG) announced the appointment of Manny Chirico to its board of directors, effective February 1, 2021, increasing the board size to 11 members. Chirico, currently the CEO of PVH Corp., has over 25 years of experience and a strong focus on consumer brands and corporate culture. His addition is expected to enhance value for shareholders. Conagra Brands is recognized for its diverse portfolio of iconic food brands and aims to innovate for changing consumer preferences.
Conagra Brands, Inc. (NYSE: CAG) has declared a quarterly dividend of $0.275 per share, payable on March 3, 2021. This dividend will benefit stockholders of record as of January 29, 2021. Conagra, a leading branded food company in North America, focuses on innovation and evolving its portfolio to meet changing consumer preferences. The announcement underscores the company's commitment to returning value to its shareholders while continuing to adapt to market demands.
Conagra Brands, Inc. (NYSE: CAG) will hold a webcast and conference call on January 7, 2021, at 9:30 a.m. ET to discuss its fiscal 2021 second quarter results. A news release will be issued at 7:30 a.m. ET. The conference call can be accessed at 1-877-883-0383 for U.S. participants or 1-412-902-6506 for international participants, using passcode 6391339. A replay will be available until January 7, 2022. For details, visit their investor relations page.