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Conagra Brands Inc (CAG.N)

CAG.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Conagra Board Elected Richard Lenny Chairman Of Board
Friday, 25 May 2018 

May 24 (Reuters) - Conagra Brands Inc ::CONAGRA BRANDS INC - ON MAY 18, BOARD ELECTED RICHARD H. LENNY TO SERVE AS CHAIRMAN OF BOARD FOR FISCAL YEAR 2019.CONAGRA BRANDS INC - LENNY WILL SUCCEED STEVEN F. GOLDSTONE AS BOARD CHAIRMAN.  Full Article

J. M. Smucker Announces Termination Of Deal To Buy ConAgra's Wesson Oil
Wednesday, 7 Mar 2018 

March 6 (Reuters) - J M Smucker Co ::THE J. M. SMUCKER COMPANY ANNOUNCES TERMINATION OF AGREEMENT TO ACQUIRE THE WESSON® OIL BRAND FROM CONAGRA BRANDS, INC..J M SMUCKER - MUTUALLY DETERMINED WITH CONAGRA IT IS "NOT IN BEST INTEREST" TO EXPEND MORE TIME & RESOURCES TO CHALLENGE FTC'S ADMINISTRATIVE COMPLAINT​.  Full Article

Conagra CEO on Conf Call- "We'll Stay Active In Our Pursuit Of Value Enhancing M&A"
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - Conagra ::AFTER CONSIDERABLE EFFORT TO MODERNIZE BRAND AND RECONDITION SHOPPERS TO PURCHASE PRODUCTS AT FULL MARGIN, BANQUET RETURNED TO GROWTH IN Q2‍​.ON CONF CALL- WE SEE SNACKS AS AN ATTRACTIVE GROWTH OPPORTUNITY.CEO- "ALWAYS ON LOOKOUT FOR BOTH MODERNIZING AND SYNERGISTIC ACQUISITIONS, THE FORMER TEND TO BE MORE PLENTIFUL THAN THE LATTER".CEO- "WE'LL STAY ACTIVE IN OUR PURSUIT OF VALUE ENHANCING M&A".  Full Article

Conagra Brands Reports Q2 Adj Earnings Per Share $0.55
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - Conagra Brands Inc ::CONAGRA BRANDS REPORTS NET SALES AND EPS GROWTH IN SECOND QUARTER.Q2 ADJUSTED EARNINGS PER SHARE $0.55 FROM CONTINUING OPERATIONS.Q2 EARNINGS PER SHARE $0.54 FROM CONTINUING OPERATIONS.Q2 EARNINGS PER SHARE VIEW $0.52 -- THOMSON REUTERS I/B/E/S.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $1.84 TO $1.89 FROM CONTINUING OPERATIONS.FISCAL 2018 ORGANIC NET SALES AND ADJUSTED EPS ARE NOW EXPECTED TO BE NEAR HIGH END OF THEIR RESPECTIVE GUIDANCE RANGES.NET SALES FOR GROCERY & SNACKS SEGMENT GREW 6% TO $900 MILLION IN QUARTER.ESTIMATES RECENT HURRICANES INCREASED ITS NET SALES AND ORGANIC NET SALES GROWTH RATES BY APPROXIMATELY 220 BASIS POINTS IN QUARTER.QTRLY NET SALES FOR REFRIGERATED & FROZEN SEGMENT INCREASED 2% TO $758 MILLION.FY2018 EARNINGS PER SHARE VIEW $1.89 -- THOMSON REUTERS I/B/E/S.QTRLY NET SALES $2,173.4 MILLION VERSUS $2088.4 MILLION.Q2 REVENUE VIEW $2.07 BILLION -- THOMSON REUTERS I/B/E/S.SEES FY 2018 ORGANIC NET SALES GROWTH NEAR HIGH END OF DOWN 2% TO FLAT.REMAINS ON TRACK FOR FISCAL 2020 TARGETS.  Full Article

Conagra Brands To Acquire Sandwich Bros. Of Wisconsin Business
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - Conagra Brands Inc ::CONAGRA BRANDS ENTERS INTO AGREEMENT TO ACQUIRE SANDWICH BROS. OF WISCONSIN® BUSINESS.CONAGRA BRANDS INC - ENTERED INTO A DEFINITIVE AGREEMENT TO ACQUIRE SANDWICH BROS. OF WISCONSIN BUSINESS.  Full Article

Conagra Brands Says ‍Board Approves Quarterly Dividend Payment Of $0.2125 Per Share Of CAG Common Stock​
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - Conagra Brands Inc ::CONAGRA BRANDS INC - ‍BOARD APPROVED QUARTERLY DIVIDEND PAYMENT OF $0.2125 PER SHARE OF CAG COMMON STOCK​.  Full Article

Conagra completes $250 mln acquisition of Angie's Artisan Treats
Tuesday, 24 Oct 2017 

Oct 23 (Reuters) - Conagra Brands Inc ::Says ‍completed acquisition of Angie's Artisan Treats LLC from TPG Growth for $250 million​.  Full Article

Conagra Brands files for potential mixed shelf offering
Saturday, 22 Jul 2017 

July 21 (Reuters) - Conagra Brands Inc :Files for potential mixed shelf offering; size not disclosed - SEC filing.  Full Article

Conagra Brands to buy Thanasi Foods LLC
Friday, 17 Mar 2017 

Conagra Brands Inc : Conagra Brands Inc says financial terms were not disclosed . Conagra brands enters into definitive agreement to acquire Thanasi Foods, maker of Duke's® meat snacks and Bigs® seeds . Financial terms were not disclosed .Following completion of transaction, duke's and bigs brands will continue operating out of boulder, colorado.  Full Article

Lamb Weston expects fiscal 2017 net sales to grow in low single digits
Thursday, 13 Oct 2016 

Lamb Weston : Lamb Weston executive on investor day conf call says expects fiscal 2017 net sales to grow on the low single digits . Lamb Weston executive says expects fiscal 2017 adjusted EBITDA to grow on the high single digits . Lamb Weston executive says for fiscal 2017 co expects incremental costs of about $10-$15 million . Lamb Weston executive says normalized capex to be $100 million a year in conf call . Lamb Weston executive says currently targetting an annual dividend of 75 cents per share in conf call . Lamb Weston executive says expects to have net debt of about $2.4 billion at inception . Lamb Weston executive says expects adjusted EBITDA to grow in the range of mid to high single digits over the long term . Lamb Weston executive in investor day conf call says expects to deliver long term EPS growth in the high single digits Further company coverage: [CAG.N] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Photo

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Solon, OHIO At Nestle's $50 million research center outside Cleveland, food technicians and packaging experts set out three years ago to remake its frozen food lineup and appeal more to busy, health-conscious adults in their 20s and 30s. | Video