Conagra Brands Reports Strong Second Quarter Results

Conagra Brands, Inc. reported results for the second quarter of fiscal year 2021, which ended on November 29, 2020. All comparisons are against the prior-year fiscal period, unless otherwise noted. Certain terms used in this release, including "Organic net sales," "EBITDA," and certain "adjusted" results, are defined under the section entitled "Definitions." See page 5 for more information.

Highlights

• Second quarter net sales increased 6.2%, and organic net sales increased 8.1%, with significant growth in each of the
• Company's three retail segments on both a reported and an organic basis.
• Total Company operating margin increased 250 basis points to...

Conagra Brands Issues Sustainability Accounting Standards Board Disclosure for Fiscal Year 2020

Conagra Brands announced the publication of its Sustainability Accounting Standards Board (SASB) metrics for fiscal year 2020. The disclosure details Conagra's ongoing focus on environmental excellence, strong governance, and safe operations. This marks the first time that Conagra has reported to the SASB framework according to the Standard for the Processed Foods industry as defined by SASB's Sustainable Industry Classification System®️ (SICS®️).

SASB is an independent, standards-setting organization dedicated to...

Conagra Brands Issues Sustainability Accounting Standards Board (SASB) Disclosure for FY 2020

Conagra Brands (NYSE: CAG) today announced the publication of its Sustainability Accounting Standards Board (SASB) metrics for fiscal year 2020. The disclosure details Conagra's ongoing focus on environmental excellence, strong governance, and safe operations. This marks the first time that Conagra has reported to the SASB framework according to the Standard for the Processed Foods industry as defined by SASB's Sustainable Industry Classification System®️ (SICS®️).

SASB is an independent, standards-setting organization dedicated to improving the effectiveness and comparability of corporate disclosure on material environmental, social and governance factors. SASB's approach to standard-setting uses a process that is evidence-based and market-informed...

Demand for Grass-Fed Beef Products to Boost Market Growth 

The grass beef market size is poised to grow by $14.50 billion during 2020-2024, progressing at a CAGR of over 6% throughout the forecast period, according to the latest report by Technavio.

Report Highlights

The major grass beef market growth came from the fresh grass-fed beef products segment. The awareness of the health benefits of grass-fed beef such as higher content of omega-3 fatty acids linoleic acid and antioxidant vitamins like vitamin E fuel its demand in the US, Australia, and other markets. This consequently adds to the revenue, thus boosting...

Gardein Debuts First-Ever Collection Of Plant-Based Meat Alternative Soups

Gardein, a brand of Conagra Brands, Inc. (NYSE: CAG), is taking its collection of plant-based meat alternatives from the freezer case to the soup aisle with the debut of five new Gardein Soups, the first-ever line-up of soups featuring plant-based meat alternatives. Delivering "meaty" taste with 100% vegan ingredients, the soups are destined to be a cold-weather favorite for anyone seeking an alternative to traditional meat-based soups.

Conagra Brands Launches More Than Two Dozen New Products, Hitting Shelves This Summer

Conagra Brands, Inc. is celebrating the summer with the debut of more than two dozen new products. More people are cooking and eating at home due to the COVID-19 pandemic, and Birds Eye, Marie Callender's, Healthy Choice and Snack Pack are among the brands bringing new items to market to satisfy evolving consumer needs. The new items from Conagra Brands will be hitting store shelves this summer.

New Plant-Based Meal and Snack Options

Plant-based products continue to rise in popularity, and not just for vegetarians and vegans, but for flexitarians too. Nearly 40% of Americans are attempting to incorporate more plant-based options into their diets. To answer the increased demand, brands including Birds Eye, Gardein, Healthy Choice and Marie Callender's have developed new items including...

Purple Carrot Launches New Single Serve, Frozen Meals in Retail

Purple Carrot, known for its e-commerce subscription plant-based meal kit, announced their new 100% plant-based, single serve meals are now available in the frozen aisle at most Whole Foods Market stores across the country. Purple Carrot created these meals with the same flavor profiles and nutritional philosophies that are core to its meal kit offering.

The frozen foods market has been growing exponentially during the last few years, specifically for products that align with consumer demand for more plant-based options, according to the National Frozen and Refrigerated Foods Association.

"As more and more consumers are seeking to add plant-based options to their weekly routines but aren't ready to commit to a full lifestyle change, these single-serve meals offer a perfect way to...

Conagra Brands Recalls Frozen Not-Ready-To-Eat Chicken and Turkey Bowl Products

Conagra Brands, Inc., Russellville, Ark. and Marshall, Mo. establishments, are recalling approximately 276,872 pounds of not ready-to-eat chicken and turkey bowl products because the products may contain extraneous material, specifically small rocks, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.

The scope of this recall has been expanded to include Healthy Choice Power Bowls Chicken Feta & Farro Bowls, Healthy Choice Power Bowls Unwrapped Burrito Scramble Power Bowls, and Healthy Choice Power Bowls Turkey Sausage & Egg Scramble Power Bowls produced on various dates. The products were produced at two different establishments.

The following additional products are subject to recall...

Research and Markets: Global Meat Snacks Market, Forecast to 2025

The global meat snacks market is expected to register a CAGR of 9% during the forecast period, 2019 to 2024.

The market is driven by the increased demand for snacks that are rich in nutrients, such as omega-3s, iron, and vitamin B12. The portable snacks make it a convenient option for consumers requiring healthy meat snacks for on-the-go. The rapid growth of the e-commerce sector will also aid the growth of the market by offering a wide array of meat snacks for online purchase.

Increasing Popularity of Sausages, Globally

Consumers are increasingly purchasing three major varieties of meat snacks, such as jerky, sticks, and sausages. While jerky is popular in North America and Europe, sausages are...

Conagra Brands Recalls Frozen Not-Ready-to-Eat Chicken Bowl Products

Conagra Brands, Inc., a Russellville, Ark. establishment, is recalling approximately 130,763 pounds of not ready-to-eat chicken bowl products because the product may contain extraneous material, specifically small rocks, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.

The frozen, not-ready-to-eat chicken bowl items were produced on Jan. 23, 2020. The following products are subject to recall...