Conagra Brands, Inc. (CAG) is navigating a complex operating landscape, with a slowdown in overall consumption weighing on the company’s volumes. Additionally, Conagra has been grappling with cost inflation. CAG is on track to make additional brand-building investments in the second half of fiscal 2024, which, however, is likely to weigh on margins.Year-to-date results, the anticipation of slower volume improvement and higher brand investments in the second half of fiscal 2024 prompted management to lower i ...

TORONTO, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Iconic popcorn snacks from Conagra Brands, Inc., Orville Redenbacher® and Angie's® BOOMCHICKAPOP®, are here to help Canadians break up the winter doldrums by embracing fun with popcorn during this year's National Popcorn Day on January 19th. Arriving during the cold, dark days of January when Canadians need a pop of fun the most, this year's National Popcorn Day theme has been designated "Top Your Pop" by Orville Redenbacher® and Angie's® BOOMCHICKAPOP®. Canadians ...

SAN FRANCISCO--(BUSINESS WIRE)--Levi Strauss & Co. (LS&Co.) (NYSE: LEVI) announced today that its board of directors has appointed David Marberger as a member of the board and to serve on the board’s Audit Committee, effective immediately. With more than 30 years of finance and leadership experience, Marberger currently serves as the executive vice president and chief financial officer for Conagra Brands, Inc. (NYSE: CAG). “With a distinguished career spanning over three decades, David brings a wealth of ...

FY24 Q2 Earnings Presentation January 4, 2024 Today’s Presenters Bayle Ellis Investor Relations Sean Connolly President and Chief Executive Officer Dave Marberger ...

At this point, investors are back to looking for inflation-proof stocks to shield their portfolios. After closing 2023 on a bullish note, as an early Santa Claus rally sent markets back to all-time highs, we’re entering 2024 on a muted note. The trading year began with two consecutive down days, putting a damper on reinvigorated bullish enthusiasm and sowing unease among traders.A big pivot point for economic developments will be the holiday sales data. If we see renewed consumer enthusiasm and generally lo ...

Conagra Brands, Inc. (NYSE:CAG) Q2 2024 Earnings Conference Call January 4, 2024 9:30 AM ET Company Participants Bayle Ellis - Manager of IR Sean Connolly - CEO Dave Marberger - CFO Melissa Napier - SVP, IR Conference Call Participants Andrew Lazar - Barclays Peter Galbo - Bank of America Robert Moskow - TD Cowen Pamela Kaufman - Morgan Stanley Alexia Howard - Bernstein Nik Modi - RBC Capital Markets Max Gumport - BNP Paribas Chris Carey - Wells Fargo Operator Good morning, and welcome to the Conagra Brands ...

Conagra Brands, Inc. (CAG) delivered soft results for the second quarter of fiscal 2024 due to a difficult macroeconomic landscape. During the quarter, both the top and bottom lines declined year over year, and sales missed the Zacks Consensus Estimate. Results were affected by lower volumes stemming from the slowdown in consumption and the adverse impacts of pricing in certain segments.Year-to-date results, anticipation of slower volume improvement and higher brand investments in the second half of fiscal ...

For the quarter ended November 2023, Conagra Brands (CAG) reported revenue of $3.21 billion, down 3.2% over the same period last year. EPS came in at $0.71, compared to $0.81 in the year-ago quarter.The reported revenue represents a surprise of -0.98% over the Zacks Consensus Estimate of $3.24 billion. With the consensus EPS estimate being $0.67, the EPS surprise was +5.97%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...

Key PointsThe Consumer Staples sector offers value and yields for risk-averse investors. Conagra is a solid and high-yield play, but there are better plays. Lamb Weston isn't cheap, but it provides value and growth. 5 stocks we like better than Lamb WestonInvestors looking for value and yield have no further to look than the Consumer Staples sector. The sector corrected sharply in the second half of 2023 and now, even after rebounding smartly, provides a value relative to historical norms and the pandemic b ...

Conagra Brands (CAG) came out with quarterly earnings of $0.71 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.81 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.97%. A quarter ago, it was expected that this company would post earnings of $0.60 per share when it actually produced earnings of $0.66, delivering a surprise of 10%.Over the last four quarters, the company has su ...