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Conagra Brands Inc (CAG.N)

CAG.N on New York Stock Exchange

26.45USD
22 Mar 2019
Change (% chg)

$0.63 (+2.44%)
Prev Close
$25.82
Open
$25.95
Day's High
$27.02
Day's Low
$25.76
Volume
3,122,993
Avg. Vol
2,041,195
52-wk High
$39.42
52-wk Low
$20.22

Latest Key Developments (Source: Significant Developments)

Conagra Brands Q3 Adjusted Earnings Per Share $0.51 From Continuing Operations
Thursday, 21 Mar 2019 

March 21 (Reuters) - Conagra Brands Inc ::CONAGRA BRANDS REPORTS THIRD QUARTER RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $0.51 FROM CONTINUING OPERATIONS.Q3 EARNINGS PER SHARE $0.50 FROM CONTINUING OPERATIONS.Q3 EARNINGS PER SHARE ESTIMATE $0.49 -- REFINITIV IBES DATA.REAFFIRMING TOTAL CONAGRA FISCAL 2019 ADJUSTED EPS GUIDANCE.PINNACLE INTEGRATION ON-TRACK.PINNACLE FISCAL 2019 NET SALES IN-LINE WITH PRIOR GUIDANCE.QTRLY NET SALES $2,707.1 MILLION VERSUS $1,994.5 MILLION.REALIZED APPROXIMATELY $12 MILLION OF COST SYNERGIES FROM PINNACLE INTEGRATION IN QUARTER.Q3 REVENUE VIEW $2.75 BILLION -- REFINITIV IBES DATA.ORGANIC NET SALES GREW NEARLY TWO PERCENT DURING QUARTER.SEES 2019 ORGANIC NET SALES GROWTH (EXCLUDING. TRENTON IMPACT) APPROXIMATELY +1%.CONAGRA BRANDS - "AGGRESSIVELY APPLYING OUR PROVEN 'CONAGRA WAY' TO ADDRESS EXECUTIONAL CHALLENGES IN BIRDS EYE, DUNCAN HINES AND WISH-BONE BUSINESSES".SEES 2019 ADJUSTED. GROSS MARGIN BELOW RANGE OF PRIOR FY19 GUIDANCE.SEES 2019 ADJUSTED. OPERATING MARGIN ABOVE RANGE OF PRIOR FY19 GUIDANCE.SEES 2019 PINNACLE (INCL. PINNACLE-RELATED CORPORATE EXPENSE) REPORTED NET SALES $1.71 TO $1.73 BILLION.SEES 2019 PINNACLE (INCL. PINNACLE-RELATED CORPORATE EXPENSE) ADJUSTED. OPERATING MARGIN NEAR HIGH-END OF RANGE GIVEN IN PRIOR GUIDANCE.  Full Article

CDC Says As Of Jan. 14, Multistate Outbreak Of Salmonella Agbeni Infections Appears To Be Over
Tuesday, 15 Jan 2019 

Jan 14 (Reuters) - U.S. Centers for Disease Control and Prevention::U.S. CDC SAYS AS OF JAN. 14, MULTISTATE OUTBREAK OF SALMONELLA AGBENI INFECTIONS APPEARS TO BE OVER.U.S. CDC - COULD NOT DETERMINE IF ILL PEOPLE IN OUTBREAK OF SALMONELLA AGBENI INFECTIONS WERE LINKED TO DUNCAN HINES PRODUCED CONTAMINATED CAKE MIX.  Full Article

Richardson Intl to acquire U.S. cooking oil brand, Wesson, and Memphis production facility
Wednesday, 19 Dec 2018 

Dec 18 (Reuters) - Conagra Brands Inc ::RICHARDSON INTERNATIONAL TO ACQUIRE A LEADING U.S. COOKING OIL BRAND, WESSON, AND MEMPHIS PRODUCTION FACILITY.RICHARDSON INTERNATIONAL LIMITED SAYS ALSO SET TO ACQUIRE WESSON PRODUCTION FACILITY LOCATED IN MEMPHIS, TENNESSEE.  Full Article

Conagra Brands enters into definitive agreement with Richardson International to divest the Wesson Oil brand
Wednesday, 19 Dec 2018 

Dec 18 (Reuters) - Conagra Brands Inc ::CONAGRA BRANDS ENTERS INTO DEFINITIVE AGREEMENT WITH RICHARDSON INTERNATIONAL TO DIVEST THE WESSON OIL BRAND.CONAGRA BRANDS INC - FINANCIAL TERMS WERE NOT DISCLOSED..CONAGRA BRANDS INC - AGREEMENT INCLUDES ALL ASSETS EXCLUSIVELY RELATED TO WESSON BRAND, INCLUDING FACILITY IN MEMPHIS, TENN.  Full Article

U.S. CDC says Investigating Multistate Outbreak Of Salmonella Agbeni Infections
Wednesday, 7 Nov 2018 

Nov 7 (Reuters) - U.S. Centers for Disease Control and Prevention::CDC, PUBLIC HEALTH AND REGULATORY OFFICIALS IN SEVERAL STATES ARE INVESTIGATING A MULTISTATE OUTBREAK OF SALMONELLA AGBENI INFECTIONS.ON NOV 5, CONAGRA RECALLED 4 VARIETIES OF DUNCAN HINES CAKE MIX AFTER OFFICIALS IN OREGON IDENTIFIED SALMONELLA AGBENI IN CAKE MIX.CDC IDENTIFIED FIVE INFECTIONS WITH THE SAME STRAIN OF SALMONELLA AGBENI REPORTED FROM THREE STATES.ILLNESSES STARTED ON DATES FROM JUNE 13, 2018, TO SEPTEMBER 17, 2018; NO HOSPITALIZATIONS OR DEATHS HAVE BEEN REPORTED.  Full Article

Conagra Brands Prices Public Offering Of 16.3 Mln Common Stock At $35.25/Shr
Wednesday, 10 Oct 2018 

Oct 9 (Reuters) - Conagra Brands Inc ::CONAGRA BRANDS ANNOUNCES PRICING OF PUBLIC OFFERING OF COMMON STOCK.SAYS OFFERING OF 16.3 MILLION COMMON SHARES PRICED AT $35.25PER SHARE.SAYS INTENDS TO USE NET PROCEEDS FROM OFFERING TO FINANCE, IN PART, ITS PENDING ACQUISITION OF PINNACLE FOODS INC.  Full Article

Conagra Brands Inc Says Files For Potential Mixed Shelf, Size Not Disclosed
Tuesday, 9 Oct 2018 

Oct 9 (Reuters) - Conagra Brands Inc ::CONAGRA BRANDS INC - FILES FOR POTENTIAL MIXED SHELF, SIZE NOT DISCLOSED - SEC FILING.  Full Article

Conagra Brands Files Preliminary Prospectus Related To Offering Of $575 Mln Of Common Stock
Tuesday, 9 Oct 2018 

Oct 9 (Reuters) - Conagra Brands Inc ::CONAGRA BRANDS - FILES PRELIMINARY PROSPECTUS SUPPLEMENT RELATED TO OFFERING OF $575 MILLION OF COMMON STOCK - SEC FILING.  Full Article

Conagra Brands Announces Public Offering Of Common Stock
Tuesday, 9 Oct 2018 

Oct 9 (Reuters) - Conagra Brands Inc ::CONAGRA BRANDS ANNOUNCES PUBLIC OFFERING OF COMMON STOCK.CONAGRA BRANDS INC - INTENDS TO USE NET PROCEEDS FROM OFFERING TO FINANCE, IN PART, ITS PENDING ACQUISITION OF PINNACLE FOODS INC.CONAGRA BRANDS - OFFERING TO SELL $575 MILLION OF COMMON STOCK THROUGH UNDERWRITTEN PUBLIC OFFERING.  Full Article

Conagra Brands Q1 Adjusted EPS $0.47 From Continuing Operations
Thursday, 27 Sep 2018 

Sept 27 (Reuters) - Conagra Brands Inc ::CONAGRA BRANDS REPORTS SOLID FIRST QUARTER RESULTS.REAFFIRMS FULL YEAR FISCAL 2019 STANDALONE GUIDANCE.Q1 ADJUSTED EARNINGS PER SHARE $0.47 FROM CONTINUING OPERATIONS.Q1 EARNINGS PER SHARE $0.45 FROM CONTINUING OPERATIONS.NET SALES FOR GROCERY & SNACKS SEGMENT INCREASED 3.4% TO $771 MILLION IN QUARTER.NOW EXPECT PINNACLE FOODS TRANSACTION TO CLOSE BY END OF OCTOBER 2018.COMPANY IS PROVIDING STANDALONE FISCAL Q2 2019 GUIDANCE.FOR Q2 2019 ORGANIC NET SALES GROWTH, EXCLUDING TRENTON, IS EXPECTED TO BE FLAT TO SLIGHTLY DOWN VERSUS PRIOR-YEAR PERIOD.CONAGRA BRANDS - QTRLY TOTAL SALES $1,834.4 MILLION VERSUS $1,804.2 MILLION.Q1 EARNINGS PER SHARE VIEW $0.49, REVENUE VIEW $1.85 BILLION -- THOMSON REUTERS I/B/E/S.NET SALES FOR REFRIGERATED & FROZEN SEGMENT INCREASED 3.2% TO $635 MILLION IN QUARTER.IN FUTURE, COMPANY EXPECTS "MODEST" DIVIDEND INCREASES.CONAGRA BRANDS - SEES Q2 REPORTED NET SALES GROWTH TO BE ABOUT 40 BASIS POINTS LOWER THAN ORGANIC NET SALES GROWTH RATE, EXCLUDING TRENTON.SEES Q2 2019 ADJUSTED DILUTED EPS IN RANGE OF $0.57 TO $0.60.Q2 EARNINGS PER SHARE VIEW $0.64 -- THOMSON REUTERS I/B/E/S.FY2019 EARNINGS PER SHARE VIEW $2.24, REVENUE VIEW $8.02 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

UPDATE 3-Conagra tops profit estimates, signals improvement at Pinnacle

March 21 Conagra Brands Inc's quarterly profit beat Wall Street estimates on Thursday, as the Reddi-wip and Slim Jim beef jerky maker raised prices to make up for higher transportation and commodity costs, sending its shares up more than 11 percent in morning trading.