CHICAGO, Oct. 2, 2024 /PRNewswire/ -- Today Conagra Brands, Inc. (NYSE: CAG) reported results for the first quarter of fiscal year 2025, which ended on August 25, 2024. All comparisons are against the prior-year fiscal period, unless otherwise noted.

Highlights

Reported net sales decreased 3.8%; organic net sales decreased 3.5%.Reported operating margin was 14.4% representing a 247 basis point decrease. Adjusted operating margin was 14.2% representing a 244 basis point decrease.Reported diluted earnings per share (EPS) was $0.97, a 44.8% increase. Adjusted EPS was $0.53, a 19.7% decrease.The company is reaffirming its fiscal 2025 guidance reflecting:Organic net sales of (1.5)% to flat compared to fiscal 2024Adjusted operating margin between 15.6% and 15.8%Adjusted EPS between $2.60 and $2.65Free cash flow conversion of approximately 90%

CHICAGO, Oct. 1, 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 November 27, 2024 to stockholders of record as of the close of business on October 31, 2024.  Conagra Brands, Inc. has paid consecutive quarterly dividends since January 1976.

About Conagra Brands

Employee-nominated grants drive community involvement and impact during Hunger Action Month

CHICAGO, Sept. 10, 2024 /PRNewswire/ -- The Conagra Brands Foundation has announced the 2024 recipients of the "Nourish Our Community" grants, awarding one-year grants to 20 nonprofits across 10 states, totaling $350,000 in funding. In support of Hunger Action Month, a time when people come together nation-wide to raise awareness and take action on the issue of food insecurity, Conagra's involvement through these grants will help to create positive social impact in the communities where its employees live and work.

CHICAGO, Sept. 4, 2024 /PRNewswire/ -- Conagra Brands, Inc. (NYSE: CAG) will release its fiscal 2025 first quarter results on Wednesday, October 2, 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: 7095043. Please dial in 10 to 15 minutes prior to the call start time.

CHICAGO, Aug. 28, 2024 /PRNewswire/ -- Today Conagra Brands, Inc. (NYSE: CAG) announced that all conditions for the previously announced sale by one of its subsidiaries of its 51.8% ownership stake in Agro Tech Foods Limited (ATFL), a food company based in India, have been fulfilled and the transaction has been completed. This transaction is the latest step in Conagra's strategy to continuously reshape its portfolio to maximize shareholder value. Effective with the sale, Conagra Brands no longer consolidates the results of ATFL in its financial statements.

CHICAGO, Aug. 9, 2024 /PRNewswire/ -- Today Conagra Brands, Inc. (NYSE: CAG) announced that it has acquired Sweetwood Smoke & Co., maker of FATTY Smoked Meat Sticks. Financial terms were not disclosed.

FATTY Smoked Meat Sticks are protein-packed, better-for-you snacks for people on the go, made with high-quality pork and beef smoked with real hickory wood.

"The acquisition of FATTY Smoked Meat Sticks is another step in reshaping our portfolio for faster growth," said Sean Connolly, president and chief executive officer of Conagra Brands. "Adding a premium brand such as FATTY to our growing, better-for-you snack portfolio is consistent with our strategic focus on the snacking and frozen categories."

CHICAGO, July 16, 2024 /PRNewswire/ -- Conagra Brands, Inc. (NYSE: CAG), one of North America's leading branded food companies, today announced it has been recognized as one of the "Best Places to Work for Disability Inclusion" by The Disability Equality Index®, the world's most comprehensive benchmarking tool for Fortune 1000 scope companies to measure disability workplace inclusion inside their organizations and to assess performance across industry sectors.

CHICAGO, July 11, 2024 /PRNewswire/ -- Today Conagra Brands, Inc. (NYSE: CAG) reported results for the fourth quarter and full year fiscal year 2024, which ended on May 26, 2024. All comparisons are against the prior-year fiscal period, unless otherwise noted.

Highlights

Fourth quarter:Reported net sales decreased 2.3% and organic net sales decreased 2.4%Reported operating margin was (19.1)%; adjusted operating margin was 14.8%Reported diluted loss per share for the fourth quarter was $1.18, primarily as a result of certain non-cash goodwill and brand impairment charges, and adjusted earnings per share (EPS) was $0.61Full year fiscal 2024:Reported net sales decreased 1.8%; organic net sales decreased 2.1%Reported operating margin decreased 168 basis points to 7.1%; adjusted operating margin increased 34 basis points to 16.0%Reported diluted EPS for fiscal 2024 decreased 49.3% to $0.72, and adjusted EPS decreased 3.6% to $2.67The Company is providing fiscal 2025 guidance to reflect:Organic net sales of (1.5)% to flat compared to fiscal 2024Adjusted operating margin between 15.6% and 15.8%Adjusted EPS between $2.60 and $2.65Free cash flow conversion of approximately 90%The Board of Directors has authorized the continuation of the Company's annualized dividend rate of $1.40 per share.

Grand Prize Includes an Outdoor At-Home Theater, One-Year Supply of Orville Redenbacher's Microwave Popcorn and Seasonings

CHICAGO, July 9, 2024 /PRNewswire/ -- Orville Redenbacher's® Gourmet Popping Corn, America's leading fresh popped popcorn brand1, and Hallmark Channel, the #1 destination for feel-good seasonal entertainment, are offering the "Ultimate Outdoor Movie Night" Sweepstakes. The grand prize – an outdoor movie theater package – will bring Hallmark's sweetest summer movies to your own backyard.