Edition:
India

Conagra Brands Inc (CAG.N)

CAG.N on New York Stock Exchange

28.90USD
19 Jul 2019
Change (% chg)

$-0.21 (-0.72%)
Prev Close
$29.11
Open
$29.11
Day's High
$29.24
Day's Low
$28.83
Volume
941,555
Avg. Vol
1,437,456
52-wk High
$38.42
52-wk Low
$20.22

Latest Key Developments (Source: Significant Developments)

Conagra Brands Reports Q4 Adjusted EPS $0.36
Thursday, 27 Jun 2019 

June 27 (Reuters) - Conagra Brands Inc ::CONAGRA BRANDS REPORTS FOURTH QUARTER AND FULL-YEAR RESULTS.SEES FY 2020 ADJUSTED EARNINGS PER SHARE $2.08 TO $2.18.Q4 ADJUSTED EARNINGS PER SHARE $0.36.Q4 EARNINGS PER SHARE $0.26.Q4 EARNINGS PER SHARE ESTIMATE $0.41 -- REFINITIV IBES DATA.INCREASING ITS FISCAL 2020 ORGANIC NET SALES GROWTH GUIDANCE FROM APPROXIMATELY 1% TO A RANGE OF 1.0% TO 1.5%..UPDATING ITS FISCAL 2020 ADJUSTED EPS GUIDANCE TO A RANGE OF $2.08 TO $2.18.QTRLY NET SALES $2,613.2 MILLION VERSUS $1,966.2 MILLION.Q4 REVENUE VIEW $2.66 BILLION -- REFINITIV IBES DATA.WHILE RESULTS IN Q4 WERE BELOW CO'S EXPECTATIONS, "WE DID MAKE GOOD PROGRESS IN KEY AREAS OF BUSINESS".CONAGRA - WITH MULTI-YEAR INNOVATION PIPELINE IN PLACE FOR PINNACLE PORTFOLIO, MORE OPPORTUNITY IN PLANT-BASED MEAT ALTERNATIVES THAN PREVIOUSLY FORECASTED.CONAGRA - MUCH OF CO'S PROGRESS IN QUARTER WAS OVERSHADOWED BY TRANSITORY EVENTS, INCLUDING INTENSIFIED PROMOTIONAL COMPETITION IN SOME CATEGORIES, OTHERS.NET SALES FOR GROCERY & SNACKS SEGMENT DECREASED 7.1% TO $746 MILLION IN QUARTER.NET SALES FOR REFRIGERATED & FROZEN SEGMENT DECREASED 0.6% TO $687 MILLION IN QUARTER.BEGINNING WITH Q1 OF FISCAL 2020, CO WILL NO LONGER REPORT PINNACLE AS A STANDALONE REPORTING SEGMENT.CONAGRA - IN QUARTER, REDUCED ITS TOTAL DEBT BY $450 MILLION AS COMPARED TO END OF THIRD FISCAL QUARTER AND $886 MILLION SINCE COMPLETING PINNACLE ACQUISITION.  Full Article

Jana Partners Dissolves Sole Share Stake In Microsoft, Ups In Conagra Brands
Wednesday, 15 May 2019 

May 15 (Reuters) - Jana Partners: :JANA PARTNERS DISSOLVES SOLE SHARE STAKE IN MICROSOFT - SEC FILING.JANA PARTNERS LLC CUTS SOLE SHARE STAKE IN TIFFANY & CO BY 50.1% TO 941,895 SHARES.JANA PARTNERS LLC CUTS SOLE SHARE STAKE IN JACK IN THE BOX INC BY 41.3% TO 932,132 SHARES.JANA PARTNERS LLC UPS SOLE SHARE STAKE IN CONAGRA BRANDS INC BY 10.5% TO 15.0 MILLION SHARES.JANA PARTNERS - CHANGE IN HOLDINGS ARE AS OF MARCH 31, 2019 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF DECEMBER 31, 2018.  Full Article

Conagra Brands Announces Quarterly Dividend Of $0.2125 Per Share
Tuesday, 16 Apr 2019 

April 16 (Reuters) - Conagra Brands Inc ::CONAGRA BRANDS INC - APPROVED A QUARTERLY DIVIDEND PAYMENT OF $0.2125 PER SHARE OF CAG COMMON STOCK.  Full Article

Soros Fund Management LLC Dissolves Share Stake In Apple And Pinduoduo
Friday, 15 Feb 2019 

Feb 14 (Reuters) - Soros Fund Management LLC::SOROS FUND MANAGEMENT LLC DISSOLVES SHARE STAKE IN APPLE INC - SEC FILING.SOROS FUND MANAGEMENT TAKES SHARE STAKE IN VERIZON OF 612,315 SHARES - SEC FILING.SOROS FUND MANAGEMENT LLC DISSOLVES SHARE STAKE IN PINDUODUO - SEC FILING.SOROS FUND MANAGEMENT TAKES SHARE STAKE OF 1.1 MILLION SHARES IN CONAGRA BRANDS INC.SOROS FUND MANAGEMENT CUTS SHARE STAKE IN AT&T INC BY 51 PERCENT TO 734,775 SHARES.SOROS FUND MANAGEMENT UPS SHARE STAKE IN ALPHABET INC BY 82.5 PERCENT TO 25,000 SHARES OF CLASS A CAPITAL STOCK.SOROS FUND MANAGEMENT CUTS SHARE STAKE IN BANK OF AMERICA CORP BY 34.9 PERCENT TO 643,968 SHARES.SOROS FUND MANAGEMENT CUTS SHARE STAKE IN AMAZON.COM INC BY 27.6 PERCENT TO 16,000 SHARES.SOROS FUND MANAGEMENT CUTS SHARE STAKE IN WALT DISNEY CO BY 40.5 PERCENT TO 178,001 SHARES.SOROS FUND MANAGEMENT LLC - CHANGE IN HOLDINGS ARE AS OF DECEMBER 31, 2018 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF SEPTEMBER 30, 2018.  Full Article

Conagra Brands Reports Q2 Adj. EPS Of $0.67 From Continuing Ops.
Thursday, 20 Dec 2018 

Dec 20 (Reuters) - Conagra Brands Inc ::CONAGRA BRANDS REPORTS SECOND QUARTER RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $0.67 FROM CONTINUING OPERATIONS.Q2 EARNINGS PER SHARE $0.32 FROM CONTINUING OPERATIONS.Q2 EARNINGS PER SHARE ESTIMATE $0.55 -- REFINITIV IBES DATA.QTRLY NET SALES $2,383.7 MILLION VERSUS $2,173.4 MILLION.EXPECT TO EXCEED PINNACLE-RELATED COST SYNERGY TARGET.NET SALES FOR GROCERY & SNACKS SEGMENT WERE RELATIVELY FLAT AT $900 MILLION IN QUARTER, AND ORGANIC NET SALES DECLINED 1.9%.NET SALES FOR REFRIGERATED & FROZEN SEGMENT INCREASED 1.7% TO $771 MILLION IN QUARTER.SEES FY19 ADJUSTED EPS FROM CONTINUING OPERATIONS $2.03 TO $2.08.UPDATED TOTAL CONAGRA FY19 GUIDANCE INCLUDING EXPECTED RESULTS FOR WESSON OIL BUSINESS.SEES FY19 REPORTED NET SALES +22% TO +23%.FY2019 EARNINGS PER SHARE VIEW $2.11, REVENUE VIEW $9.75 BILLION -- REFINITIV IBES DATA.REAFFIRMING SALES AND MARGIN GUIDANCE FOR FISCAL 2019 FOR LEGACY CONAGRA.  Full Article

Conagra Brands Declares Quarterly Dividend Of $0.2125/Share
Thursday, 6 Dec 2018 

Dec 6 (Reuters) - Conagra Brands Inc ::CONAGRA BRANDS ANNOUNCES QUARTERLY DIVIDEND PAYMENT.CONAGRA BRANDS INC - QUARTERLY DIVIDEND PAYMENT OF $0.2125 PER SHARE OF CAG COMMON STOCK TO BE PAID ON MARCH 1, 2019.  Full Article

Conagra Brands Q4 Adjusted EPS $0.50 From Continuing Operations
Wednesday, 27 Jun 2018 

June 27 (Reuters) - Conagra Brands Inc ::Q4 ADJUSTED EARNINGS PER SHARE $0.50 FROM CONTINUING OPERATIONS.Q4 EARNINGS PER SHARE VIEW $0.44 -- THOMSON REUTERS I/B/E/S.IN QUARTER, NET SALES GREW 5.6%, AND ORGANIC NET SALES GREW 2.0%.QTRLY DILUTED EPS FROM CONTINUING OPERATIONS $0.18.FISCAL 2019 GUIDANCE ANTICIPATES SOLID GROWTH IN OUR NET SALES, ADJUSTED GROSS PROFIT, AND ADJUSTED OPERATING PROFIT.SEES 2019 STANDALONE REPORTED NET SALES GROWTH IN RANGE OF 0.5% TO 1.5%.IN MAY 2018, COMPANY'S BOARD OF DIRECTORS APPROVED AN ADDITIONAL $1 BILLION SHARE REPURCHASE PROGRAM.QTRLY NET SALES $1,966.2 MILLION VERSUS $1,861.7 MILLION.2019 STANDALONE ORGANIC NET SALES GROWTH IS EXPECTED TO BE IN RANGE OF 1.0% TO 2.0%.Q4 REVENUE VIEW $1.93 BILLION -- THOMSON REUTERS I/B/E/S.SEES Q1 STANDALONE REPORTED NET SALES GROWTH IN RANGE OF 2.0% TO 2.5%.SEES Q1 STANDALONE ADJUSTED DILUTED EPS IN RANGE OF $0.46 TO $0.49.NET SALES FOR THE REFRIGERATED & FROZEN SEGMENT INCREASED 7.9% TO $691 MILLION IN THE QUARTER.THREE-YEAR STANDALONE FISCAL 2020 FINANCIAL ALGORITHM, WHICH USES FISCAL 2017 AS BASE YEAR, REMAINS ON-TRACK.NET SALES FOR GROCERY & SNACKS SEGMENT INCREASED 7.1% TO $803 MILLION IN QUARTER.FY2019 REVENUE VIEW $8.00 BILLION -- THOMSON REUTERS I/B/E/S.Q1 EARNINGS PER SHARE VIEW $0.54, REVENUE VIEW $1.85 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Conagra Brands Qtrly Adj Diluted EPS From Cont Ops $0.61
Thursday, 22 Mar 2018 

March 22 (Reuters) - Conagra Brands Inc ::CONAGRA BRANDS REPORTS NET SALES AND EPS GROWTH IN THIRD QUARTER.SEES FISCAL 2018 ADJUSTED EARNINGS PER SHARE $2.03 TO $2.05 FROM CONTINUING OPERATIONS.QTRLY NET SALES $‍1,994.5​ MILLION VERSUS $1,981.2 MILLION.Q3 REVENUE VIEW $2.00 BILLION -- THOMSON REUTERS I/B/E/S.DILUTED EPS FROM CONTINUING OPERATIONS GREW FROM $0.41 TO $0.87 IN QUARTER.QTRLY ADJUSTED DILUTED EPS FROM CONTINUING OPERATIONS GREW 27.1% TO $0.61.NET SALES FOR REFRIGERATED & FROZEN SEGMENT INCREASED 3% TO $689 MILLION IN QUARTER.TAX IMPACT CHANGES RESULTED IN A ONE-TIME ESTIMATED INCOME TAX BENEFIT OF $236.7 MILLION IN QUARTER.NET SALES FOR GROCERY & SNACKS SEGMENT DECREASED 1% TO $838 MILLION IN QUARTER.SEES 2018 REPORTED NET SALES GROWTH ABOUT 150 BASIS POINTS HIGHER THAN ORGANIC NET SALES GROWTH RATE.REITERATED FISCAL 2018 OUTLOOK FOR ORGANIC NET SALES GROWTH.  Full Article

Conagra Brands, J.M. Smucker Terminate Deal For Wesson Oil Business Sale
Wednesday, 7 Mar 2018 

March 6 (Reuters) - Conagra Brands Inc ::CONAGRA BRANDS AND THE J.M. SMUCKER COMPANY TERMINATE AGREEMENT FOR SALE OF WESSON OIL BUSINESS.CONAGRA BRANDS INC - INTENDS TO CONTINUE ITS EVALUATION OF ROLE OF WESSON OIL BUSINESS WITHIN ITS PORTFOLIO.  Full Article

The J. M. Smucker Comments On FTC Position Regarding Proposed Acquisition Of The Wesson Oil Brand
Tuesday, 6 Mar 2018 

March 5 (Reuters) - J M Smucker Co ::THE J. M. SMUCKER COMPANY COMMENTS ON FTC POSITION REGARDING PROPOSED ACQUISITION OF THE WESSON OIL BRAND FROM CONAGRA BRANDS, INC..J M SMUCKER CO SAYS "‍STRONGLY BELIEVE" ACQUISITION OF WESSON OIL BRAND FROM CONAGRA BRANDS​ WOULD "BENEFIT ALL OF OUR CONSTITUENTS".  Full Article

UPDATE 4-Conagra misses estimates as rivals step up promotions, cut prices

June 27 Conagra Brands Inc's on Thursday missed Wall Street estimates for quarterly earnings and sales as low prices and aggressive store promotions by rival food makers ate into demand for Marie Callender's, Hunt's and Chef Boyardee products.