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ConagraBrands Snacks Portfolio Showcases Dynamic Range at 2023 Sweets & Snacks Expo
Conagra Brands, Inc., one of North America's leading branded food companies, is bringing a powerhouse line-up of snack foods and innovation to the National Confectioners Association's 2023 Sweets & Snacks Expo. With one of the largest and fastest growing assortments of snack brands in the industry, Conagra's $3.1 billion portfolio offers craveable treats and satisfying eats for everyone. Conagra's iconic and emerging brands feature category leaders, and several breakthrough licensed partnerships. The Sweets & Snacks Expo takes place May 22-25 at Chicago's McCormick Place convention center...
Just in Time for Summer, Gardein Serves Up Two Sizzling Veggie Burgers
As grilling season approaches, Gardein®, a brand of Conagra Brands, Inc. (NYSE: CAG), is excited to offer two delicious and unique veggie burger options for those looking to elevate their BBQ game. The new Gardein SUPRÊME™ Black Bean Burger and SUPRÊME™ Falafel Burger elevate the sensory and taste experience of the traditional veggie burger, delivering full flavour and texture you can really sink your teeth into. Both products are part of Gardein’s popular SUPRÊME™ line, offering consumers more variety for summer...
Conagra Brands Recalls 2.5 Million Pounds of Canned Meat, Poultry Products Due to Packaging Defect
Conagra Brands has recalled over 2.5 million pounds of canned meat and poultry products due to a packaging defect that may cause products to become contaminated without showing any signs, per a January 31 announcement from the USDA’s Food Safety and Inspection Service (FSIS).
The impacted products were produced between December 12, 2022 and January 13, 2023. The products subject to recall bear establishment number “P4247” on the product cans. These items were shipped to retail locations nationwide...
Conagra Brands Reports Second Quarter Results
Today Conagra Brands, Inc. (NYSE: CAG) reported results for the second quarter of fiscal year 2023, which ended on November 27, 2022. All comparisons are against the prior-year fiscal period, unless otherwise noted.
- Second quarter net sales increased 8.3%; organic net sales increased 8.6%
- Operating margin increased 320 basis points in the quarter to 16.6%; adjusted operating margin increased 237 basis points to 17.0%
- Diluted earnings per share (EPS) for the second quarter increased 38.6% to $0.79, and adjusted EPS increased 26.6% to $0.81...
Conagra Brands Recognizes 17 Facilities Achieving 90% Waste Diversion as Zero Waste Champions
In celebration of America Recycles Day, Conagra Brands is honoring its employees who are keeping materials out of landfills through impactful recycling and waste reduction measures. Seventeen Conagra facilities across the United States, Canada, and Mexico have been awarded Zero Waste Champion status for diverting more than 90 percent of waste materials that would have otherwise been sent to landfills. In fiscal year 2022, these 17 facilities diverted more than 183,000 tons of waste for more beneficial uses through recycling, product donations to bolster food supplies at...
Conagra Brands Reports First Quarter Results
Today Conagra Brands, Inc. reported results for the first quarter of fiscal year 2023, which ended on August 28, 2022. All comparisons are against the prior-year fiscal period, unless otherwise noted.
Highlights- First quarter net sales increased 9.5%; organic net sales increased 9.7%- Operating margin in the quarter was (0.7%); adjusted operating margin was 13.7%- Diluted loss per share for the first quarter was $0.16, and adjusted earnings per share (EPS) was $0.57- First quarter operating margin, net income, and diluted EPS were impacted by non-cash goodwill and intangible asset...
Conagra Brands Announces Appointment of Denise Paulonis to its Board of Directors
Conagra Brands, Inc., one of North America's leading branded food companies, today announced the appointment of Denise A. Paulonis to its board of directors, effective August 1, 2022. With this addition, the Conagra Brands board will increase to 13 members.
"We are pleased to welcome Denise to the Conagra Brands board," said Richard H. Lenny, chair, Conagra Brands. "Conagra and our shareholders will benefit from Denise's extensive leadership experience driving growth, supply chain innovation, e-commerce capabilities, and product innovation within the consumer products market..."
Conagra Brands Recognized as One of the "Best Places to Work for Disability Inclusion"
Conagra Brands, Inc., 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® (DEI), the world's most comprehensive benchmarking tool for the Fortune 1000 and Am Law 20011 to measure disability workplace inclusion against competitors.
The Disability Equality Index (DEI) is a comprehensive benchmarking tool that helps companies build a roadmap of measurable, tangible actions that they can take to achieve disability inclusion and...
Conagra Expects More Consumers to Eat At Home If Recession Hits
Conagra Brands Inc. expects consumers to eat more meals at home if the U.S. economy heads into a downturn, its CEO said, as the food company reported higher sales in its latest quarter.
Sean Connolly, Conagra's chief executive, said it isn't yet clear whether the economy is dropping into a recession, though he said supermarkets and packaged food companies have tended to capture more consumer spending during past periods of economic weakness.
"One of the things that you see happen first when recessions hit is consumers cut back on..."
Conagra Brands Launches Extensive Summer Line-up of New Product Innovation
Conagra Brands, Inc., one of North America's leading branded food companies, is debuting an extensive line-up of new products designed to solve mealtime dilemmas and satisfy cravings. Featuring contemporary flavors, on-trend ingredients and convenient prep methods, the new foods from Conagra Brands span nearly every aisle of the store.
"We're excited for consumers to try our newest offerings," said Burke Raine, president, frozen and refrigerated foods, Conagra Brands. "Food can be inspiring, satisfying, comforting, and nourishing, and we think our debuts for summer 2022 deliver..."
Conagra Brands Celebrates Employee-Led Sustainable Development Awards Program
In celebration of World Environment Day on June 5, Conagra Brands announced today the winners of its annual Sustainable Development Awards, an employee-led program that encourages the development and implementation of innovative ideas related to sustainable production and business practices. This year, employees from across the organization submitted a record 211 sustainability-focused projects that conserve water, reduce waste and save energy, underscoring Conagra's commitment to nourishing and restoring the planet. Winning teams were presented with awards this week at a ceremony in Chicago and Omaha. In partnership with the...
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