PR Newswire
GREENWICH, Conn., May 1, 2025 /PRNewswire/ -- Brynwood Partners IX L.P. announced today that its portfolio company, Hometown Food Company, has entered into a definitive agreement to acquire the Chef Boyardee® brand for $600 million from Conagra Brands, Inc. (NYSE: CAG). The transaction includes the 820,000 square foot facility in Milton, PA, as well as all assets and operations dedicated to the Chef Boyardee brand. The transaction is expected to close in the second quarter of 2025, subject to customary U.S. regulatory review.
Divestiture Supports Conagra's Efforts to Reshape its Portfolio
CHICAGO, May 1, 2025 /PRNewswire/ -- Today Conagra Brands, Inc. (NYSE: CAG) announced that it has entered into a definitive agreement with Hometown Food Company, a portfolio company of Brynwood Partners, to divest its iconic line of Chef Boyardee® brand shelf-stable products including its classic, convenient, ready-to-eat pasta meals. The transaction includes the manufacturing facility in Milton, Pa., as well as all assets and operations dedicated to the Chef Boyardee shelf-stable products with the exception of frozen skillet meals, which will be licensed by Hometown Food Company to Conagra. The Chef Boyardee products that are part of the transaction contributed approximately $450 million USD to Conagra's fiscal year 2024 net sales. The divestiture is subject to customary closing conditions, including the receipt of any applicable regulatory approvals. The sale price is $600 million in cash and is expected to close in Q1 of Conagra's fiscal year 2026.
CHICAGO, April 29, 2025 /PRNewswire/ -- Conagra Brands, Inc. (NYSE: CAG) will attend the Goldman Sachs Global Staples Forum on Tuesday, May 13.
Sean Connolly, president and chief executive officer of Conagra Brands, and Dave Marberger, executive vice president and chief financial officer, will participate in a fireside chat beginning at 8:55 a.m. ET.
A live video webcast of the discussion will be available on conagrabrands.com/investor-relations under Events & Presentations. A replay of the webcast will be available until Nov. 13, 2025.
CHICAGO, April 17, 2025 /PRNewswire/ -- Conagra Brands, Inc. (NYSE: CAG) today announced the publication of its 2024 Citizenship Report, which highlights key initiatives and actions that positively impact Conagra's employees, the communities it serves, and the health of the planet. Conagra's Citizenship approach is centered around four focus areas that reflect the company's values as a responsible corporate citizen: Good Food, Responsible Sourcing, Better Planet, and Stronger Communities.
CHICAGO, April 3, 2025 /PRNewswire/ -- Today Conagra Brands, Inc. (NYSE: CAG) reported results for the third quarter of fiscal year 2025, which ended on February 23, 2025. All comparisons are against the prior year fiscal period, unless otherwise noted.
Highlights
Reported net sales decreased 6.3%; organic net sales decreased 5.2%.Reported operating margin was 8.4% representing a 712 basis point decrease. Adjusted operating margin was 12.7% representing a 369 basis point decrease.Reported diluted earnings per share (EPS) was $0.30, a 53.1% decrease. Adjusted EPS was $0.51, a 26.1% decrease.The company's fiscal 2025 guidance remains unchanged, reflecting:Organic net sales of approximately (2)% compared to fiscal 2024Adjusted operating margin of approximately 14.4%Adjusted EPS of approximately $2.35Free cash flow conversion of greater than 100%
CHICAGO, April 2, 2025 /PRNewswire/ -- Conagra Brands, Inc. (NYSE: CAG) today announced that its Board of Directors approved a quarterly dividend payment of $0.35 per share of CAG common stock to be paid on May 29, 2025 to stockholders of record as of the close of business on April 28, 2025. Conagra Brands, Inc. has paid consecutive quarterly dividends since January 1976.
About Conagra Brands
New Technology Leverages Renewable Energy Solutions and Advances Conagra's Climate Change Goals
CHICAGO, April 1, 2025 /PRNewswire/ -- Conagra Brands, Inc. (NYSE: CAG) and Bloom Energy (NYSE: BE), a global leader in power solutions, today announced they will collaborate to utilize Bloom's fuel cell technology at Conagra's Troy and Archbold, Ohio production facilities. The 15-year PPA (power purchase agreement) will deploy approximately six megawatts and provide combustion-free electricity generation, supplying approximately 70% to 75% of the electricity needs at the Troy and Archbold facilities, while also projecting a 19% decrease in their greenhouse gas emissions. This initiative aligns with Conagra's 2030 science-based greenhouse gas reduction targets1, which have been validated by the Science Based Targets initiative, a leading corporate climate effort driving the transition to a zero-carbon economy.
CHICAGO, March 4, 2025 /PRNewswire/ -- Conagra Brands, Inc. (NYSE: CAG) will release its fiscal 2025 third quarter results on Thursday, April 3, 2025. A press release and supplemental materials, including pre-recorded remarks, will be issued that morning prior to a 30-minute live question-and-answer session with the investment community at 9:30 a.m. ET.
The pre-recorded remarks, transcript, press release, presentation slides, and live audio Q&A can be accessed at conagrabrands.com/investor-relations under Events & Presentations. The live audio Q&A can also be accessed by dialing 1-877-883-0383 for participants in the U.S. and 1-412-902-6506 for all other participants using passcode: 8551232. Please dial in 10 to 15 minutes prior to the call start time.
Updated Fiscal 2025 Outlook Reflects Temporary Service Constraints and Impact of Foreign Exchange; Long-Term Targets Unchanged
CHICAGO, Feb. 17, 2025 /PRNewswire/ -- Conagra Brands, Inc. (NYSE: CAG) announced that its upcoming presentation at the annual Consumer Analyst Group of New York (CAGNY) Conference will detail Conagra's advantaged market position, perspective on the evolving consumer environment, and unique focus on the science of growth. Conagra will also preview a series of new innovations expected to launch in calendar year 2025 and provide detail on its updated fiscal 2025 financial guidance.
CHICAGO, Dec. 19, 2024 /PRNewswire/ -- Today Conagra Brands, Inc. (NYSE: CAG) reported results for the second quarter of fiscal year 2025, which ended on November 24, 2024. All comparisons are against the prior year fiscal period, unless otherwise noted.
Highlights
Reported net sales decreased 0.4%; organic net sales increased 0.3%.Reported operating margin was 12.6% representing a 138 basis point decrease. Adjusted operating margin was 15.3% representing a 57 basis point decrease.Reported diluted earnings per share (EPS) was $0.59, a 1.7% decrease. Adjusted EPS was $0.70, a 1.4% decrease.The company is updating its fiscal 2025 guidance reflecting:Organic net sales near the midpoint of (1.5)% to flat compared to fiscal 2024Adjusted operating margin of approximately 14.8%Adjusted EPS between $2.45 and $2.50Free cash flow conversion of greater than 100%Comprehensive Data-Driven Report Identifies Top Five Areas Shaping the $91.3 Billion U.S. Frozen Food Market
CHICAGO, Dec. 17, 2024 /PRNewswire/ -- The rise in GLP-1 use, appetites for spice and heat, and indulgent in-home dining experiences, are just some of the trends driving growth identified in Conagra Brands' second annual Future of Frozen Food 2025 report. This data-driven report reveals how consumer behaviors, generational preferences, and innovations are reshaping the $91.3 billion U.S. frozen food market.1
CHICAGO, Dec. 12, 2024 /PRNewswire/ -- With the rising popularity of GLP-1 medications among Americans for diabetes and weight management, Conagra Brands is proud to announce a first-of-its-kind initiative in the food industry. Starting in January 2025, the company's Healthy Choice® line will feature an "On Track" badge on 26 select items, indicating that the products are high in protein, low calorie, and a good source of fiber, which make these items "GLP-1 friendly." Healthy Choice is the first major food brand to call out "GLP-1 Friendly" on the package.
CHICAGO, Dec. 12, 2024 /PRNewswire/ -- Conagra Brands, Inc. (NYSE: CAG) today announced that its Board of Directors approved a quarterly dividend payment of $0.35 per share of CAG common stock to be paid on February 27, 2025 to stockholders of record as of the close of business on January 27, 2025. Conagra Brands, Inc. has paid consecutive quarterly dividends since January 1976.
About Conagra Brands
One of North America's leading food companies is recognized for its remarkable community involvement, exceptional training and development and more
MISSISSAUGA, ON, Dec. 3, 2024 /CNW/ - Conagra Brands Canada, a leading innovation-driven food company, has been recognized as one of Greater Toronto's Top Employers in 2025 by Mediacorp Canada Inc.
"We're continuing to nurture a fun and engaging workplace, where employees feel encouraged and supported to grow, bring their best ideas to the table and get involved in the community," said Paul Hogan, Vice President and General Manager, Conagra Brands International. "This award is a testament to our continued commitment to building stronger communities where we live and work."
New Formula Designed for Higher Temperatures Helps Avoid Appliance Wear and Tear
CHICAGO, Nov. 21, 2024 /PRNewswire/ -- As the leader in cooking sprays1, PAM® Cooking Spray, a brand of Conagra Brands, Inc. (NYSE: CAG), has been an essential tool for home cooks and professional chefs for more than 60 years. Now PAM has introduced a new formula specifically designed for one of America's most-popular kitchen appliances – the air fryer. Different from traditional cooking spray, new PAM Air Fryer Non-Stick Spray delivers superior performance while addressing a concern consumers have with using traditional cooking sprays on an air fryer's wire tray or basket – the potential for wear and tear.
CHICAGO, Nov. 19, 2024 /PRNewswire/ -- Conagra Brands, Inc. (NYSE: CAG) will release its fiscal 2025 second quarter results on Thursday, December 19, 2024. A press release and supplemental materials, including pre-recorded remarks, will be issued that morning prior to a 30-minute live question-and-answer session with the investment community at 9:30 a.m. ET.
The pre-recorded remarks, transcript, press release, presentation slides, and live audio Q&A can be accessed at conagrabrands.com/investor-relations under Events & Presentations. The live audio Q&A can also be accessed by dialing 1-877-883-0383 for participants in the U.S. and 1-412-902-6506 for all other participants using passcode: 2702332. Please dial in 10 to 15 minutes prior to the call start time.
CHICAGO, Nov. 14, 2024 /PRNewswire/ -- Conagra Brands, Inc. (NYSE: CAG) today announced that it has been recognized on the 2024 Best for Vets: Employers list by Military Times. This recognition comes as the company continues to demonstrate its dedication to supporting veterans and active-duty service members, as well as their families, through strategic partnerships and internal initiatives.
Awards focus on Climate Change, Packaging, Responsible Sourcing, Water Reduction and Waste Reduction
CHICAGO, Nov. 1, 2024 /PRNewswire/ -- Conagra Brands (NYSE: CAG) announced today the winners of its Sustainable Development Awards, a program designed to recognize and celebrate the outstanding achievements and contributions of its dedicated employees. The awards are focused on sustainability initiatives across five strategic categories: Climate Change, Packaging, Responsible Sourcing, Water Reduction and Waste Reduction. In addition, an overall "Award of Excellence" is presented to the project that best exemplifies Conagra's six Timeless Values of Integrity, External Focus, Broad-Mindedness, Agility, Leadership and Results.
Sweet, spicy, and salty new innovation from industry-leading brands to be unveiled
CHICAGO, Oct. 8, 2024 /PRNewswire/ -- Conagra Brands, Inc. (NYSE: CAG), one of North America's leading branded food companies, is ready for the neon lights of Las Vegas and the 2024 National Association of Convenience Stores (NACS) Show. Featuring a $3.2 billion1 snacks portfolio, Conagra's offerings are a sure bet, with industry-leading meat snacks, sunflower seeds and bagged salty snacks. The NACS Show, the nation's largest convenience store expo, takes place October 8-10, at the Las Vegas Convention Center. Attendees at the Expo can find Conagra Brands in two locations. Conagra's portfolio of meat snacks will be in Booth C4215, while Booth N829 will house the collection of salty snacks.
Swiss Miss 'Shmallow, perfect for festive drinks, is available for a limited time this fall
CHICAGO, Oct. 3, 2024 /PRNewswire/ -- Swiss Miss®, a brand of Conagra Brands, Inc. (NYSE: CAG), has partnered with Hotel Tango Distillery, the producer of the first-ever and current category-leading marshmallow flavored whiskey, to introduce Swiss Miss 'Shmallow, the perfect whiskey for your winter festivities. The toasted marshmallow and cocoa-infused bourbon combines the flavor of Swiss Miss hot cocoa with the artistry of a well-crafted bourbon, making it the ideal spirit to enjoy at your next holiday gathering or as a gift for your favorite bourbon aficionado.
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