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 released its second annual Future of Frozen Food 2025 report, analyzing trends in the $91.3 billion U.S. frozen food market. The report identifies five key trends shaping the industry: Modern Health, Elevated In-Home Experiences, Global Cuisine, Bites & Minis, and Spice & Heat.
Notable findings include a 54% increase in frozen food spending during family formation years among Millennials and Gen Z, a 33% growth in probiotic and gut-friendly frozen products, and spicy frozen food sales exceeding $2.0 billion. The research shows that global street food reached $543 million in sales, while bites and mini portions grew to $2.4 billion, with 84% being consumed as meals rather than appetizers.
Conagra Brands announced the introduction of an 'On Track' badge for 26 select Healthy Choice products starting January 2025, marking a first-in-industry initiative targeting GLP-1 medication users. The badge indicates products that are high in protein, low calorie, and fiber-rich, making them 'GLP-1 friendly'.
The initiative addresses the needs of nearly 15 million U.S. adults using GLP-1 medications for diabetes and weight management. The badge will appear on Healthy Choice Café Steamers and Simply Steamers, priced at MSRP $3.49 and $3.99 respectively. These products will be available at major retailers nationwide, including Walmart, Target, Kroger, and Albertsons, as well as online platforms.
Conagra Brands (NYSE: CAG) has announced a quarterly dividend payment of $0.35 per share, continuing its long-standing tradition of consecutive quarterly dividend payments that dates back to January 1976. The dividend will be paid on February 27, 2025 to stockholders of record as of the close of business on January 27, 2025.
Conagra Brands (NYSE: CAG) has launched PAM Air Fryer Non-Stick Spray, specifically designed for air fryers, addressing concerns about appliance wear and tear from traditional cooking sprays. The new formula features a 450-degree smoke point, higher than traditional sprays, and is formulated to reduce residue build-up on wire baskets and trays. With air fryers present in over 60% of U.S. households and ranking as America's fourth most-popular cooking appliance, the product is positioned as a pantry essential. The spray, priced at $3.99, contains no artificial preservatives, flavors, or colors, and can be applied directly to both the appliance and food to promote browning and crisping.
Conagra Brands (NYSE: CAG) has announced it will release its fiscal 2025 second quarter results on Thursday, December 19, 2024. The company will issue a press release and supplemental materials, including pre-recorded remarks, followed by a 30-minute live Q&A session with the investment community at 9:30 a.m. ET. Materials will be available on the company's investor relations website, and the Q&A session can be accessed via phone using specific dial-in numbers for U.S. and international participants.
Conagra Brands (NYSE: CAG) has been named to Military Times' 2024 Best for Vets: Employers list, recognizing its commitment to supporting veterans and military families. The company's Veterans Employee Resource Group plays a important role in fostering inclusion and professional growth. Conagra has established partnerships with Cameron-Brooks and the Military Spouse Employment Partnership for recruitment, while its collaboration with DOD SkillBridge facilitates military-to-civilian career transitions.
The recognition is based on a voluntary survey evaluating companies' policies and benefits for veterans. Veterans can explore career opportunities at Conagra through a specialized platform that matches their Military Occupational Specialty Code with suitable positions. As one of North America's leading food companies, Conagra generated fiscal 2024 net sales exceeding $12 billion.
Conagra Brands (NYSE: CAG) has announced the winners of its Sustainable Development Awards, recognizing employee achievements in sustainability across five categories: Climate Change, Packaging, Responsible Sourcing, Water Reduction, and Waste Reduction. Notable achievements include Maple Grove's 12% reduction in natural gas usage, Rensselaer's packaging optimization saving 79 metric tons of CO2 emissions, and Waterloo's water conservation project saving over one million gallons.
The Award of Excellence went to Irapuato, Mexico, for upgrading their biogas system, now providing 8% of the site's electricity. Each winning team receives a $5,000 grant from the Conagra Brands Foundation for community investment. These initiatives demonstrate the company's commitment to environmental stewardship and sustainable practices.
Conagra Brands (NYSE: CAG) is set to showcase its $3.2 billion snacks portfolio at the 2024 NACS Show in Las Vegas. The company will unveil new products across its meat snacks, salty snacks, and seeds categories. Highlights include:
- Introduction of FATTY® Smoked Meat Sticks, a recent acquisition
- New offerings from Slim Jim®, including Slim Jim Bites and new formats
- Duke's® Smoked Meat Snacks in new 2.5 oz. bags
- Vlasic® Pickle Balls, a new poppable puff ball snack
- DAVID® Honey Roasted Jumbo Sunflower Seeds and BiGS® Fire Sunflower Seeds
- Glutino® gluten-free pretzels entering the C-store market
- Andy Capp's® Fire Tots, a new spicy puffcorn snack
The company aims to accelerate sales growth through various in-store display solutions.
Swiss Miss, a Conagra Brands brand, has partnered with Hotel Tango Distillery to launch Swiss Miss 'Shmallow, a toasted marshmallow and cocoa-infused bourbon. This -edition spirit combines the flavor of Swiss Miss hot cocoa with a well-crafted bourbon, making it ideal for holiday gatherings or as a gift for bourbon enthusiasts.
Available this month at select retailers and online at Cask Cartel for an SRP of $27.99, Swiss Miss 'Shmallow features sweet notes of caramelized sugar, toasted marshmallow, and a hint of smokiness. The collaboration aims to create a unique drinking experience that evokes feelings of coziness during the winter season.
For more information about Swiss Miss 'Shmallow, including cocktail recipes and purchase locations, visit drinkshmallow.com.
Conagra Brands (NYSE: CAG) reported Q1 FY2025 results with net sales decreasing 3.8% to $2.8 billion and organic net sales declining 3.5%. The company's reported operating margin fell 247 basis points to 14.4%, while adjusted EPS decreased 19.7% to $0.53. Despite challenges, Conagra reaffirmed its fiscal 2025 guidance, projecting organic net sales between -1.5% to flat and adjusted EPS between $2.60 and $2.65.
Key factors affecting Q1 performance included:
- Negative price/mix impact of 1.9%
- Volume decrease of 1.6%
- $27 million impact from temporary manufacturing disruptions in Hebrew National
- Gross profit decrease of 10.2% to $739 million
- SG&A increase of 1.1% to $338 million
The company maintained its market share in several categories and continued its portfolio reshaping initiatives.