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CAG is troubled by sluggish consumption trends and elevated costs, while Conagra Brands' solid brands and frozen category strength have been aiding.
Employee-nominated grants drive community involvement and impact during Hunger Action Month CHICAGO , Sept. 10, 2024 /PRNewswire/ -- The Conagra Brands Foundation has announced the 2024 recipients of the "Nourish Our Community" grants, awarding one-year grants to 20 nonprofits across 10 states, totaling $350,000 in funding.
Conagra Brands recently announced the launch of new products and the acquisition of Sweetwood Smoke & Co. This strategy will update the portfolio of products offered by the company, which could lead to an increase in sales in the coming period. CAG is quite solid, although it shows some red flags to take into account.
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Conagra Brands (CAG) has been witnessing challenging industry trends, including a slowdown in consumption. The company expects volumes to be soft in the first quarter of fiscal 2025.
On Wall Street, question marks over the health of the economy have increased as many sectors struggle to maintain stability. However, consumer stocks — especially those related to essential goods — often exhibit resilience during such volatility.
Conagra Brands' (CAG) acquisition of Sweetwood Smoke & Co. highlights its focus on expanding in the innovative, high-protein snacks category.
CNBC's Jim Cramer delivers his daily Mad Dash.
CHICAGO , Aug. 9, 2024 /PRNewswire/ -- Today Conagra Brands, Inc. (NYSE: CAG) announced that it has acquired Sweetwood Smoke & Co., maker of FATTY Smoked Meat Sticks. Financial terms were not disclosed.
Conagra continued to face challenges in the packaged foods space, with their latest quarter reporting a miss on sales and disappointing guidance for fiscal 2025. With growth still remaining challenged, the company maintained its dividend as it still falls within the target payout ratio, though they offer around a 4.6% dividend yield to investors. Analysts expect a slight decline in EPS for fiscal 2025 but anticipate earnings growth heading into fiscal 2026, which could come from volume weakness moderating.