CAG Stock Recent News

CHICAGO , July 16, 2024 /PRNewswire/ -- Conagra Brands, Inc. (NYSE: CAG), one of North America's leading branded food companies, today announced it has been recognized as one of the "Best Places to Work for Disability Inclusion" by The Disability Equality Index®, the world's most comprehensive benchmarking tool for Fortune 1000 scope companies to measure disability workplace inclusion inside their organizations and to assess performance across industry sectors. Established in 2015, the Disability Equality Index is a joint initiative of Disability:IN and The American Association of People with Disabilities (AAPD) and is acknowledged today as the most robust disability inclusion assessment tool in business.

Conagra Brands, Inc. CAG reported worse-than-expected fourth-quarter sales results and issued FY25 adjusted EPS guidance below estimates.

Conagra Brands NYSE: CAG is a North American food industry leader and is considered part of the consumer staples sector. Conagra Brands' earnings report for the fourth quarter of 2024 shows evidence of a company that continues to navigate a challenging and shifting consumer landscape.

Conagra Brands owns well-known food brands and offers private label products sold in major grocery stores. Recent decline in Conagra shares presents a potential buying opportunity, especially in anticipation of a recession. Conagra's dividend yield of 5%, low price to earnings ratio, and potential for capital gains make it an attractive investment option for 2024.

Conagra posted a mixed quarter, and it forecast fiscal 2025 earnings that fell short of estimates. The company has a solid dividend yield, but the stock is flat over the past five years.

Conagra's (CAG) fourth-quarter results reflect a continuation of the slowdown in consumption leading to soft sales. However, supply-chain productivity efforts aid gross margin expansion.

Conagra Brands forecast annual revenue and profit below analysts' estimates on Thursday, as cash-strapped consumers turned to cheaper pantry staples for their at-home meals.

Conagra Brands (CAG) shares fell Thursday as the processed food giant gave weaker-than-expected guidance amid what it called a “difficult consumer environment.”

Conagra Brands, Inc. (NYSE:CAG ) Q4 2024 Earnings Q&A Conference Call July 11, 2024 9:30 AM ET Company Participants Melissa Napier - SVP, IR Sean Connolly - CEO David Marberger - CFO Conference Call Participants Andrew Lazar - Barclays Ken Goldman - JPMorgan David Palmer - Evercore Peter Galbo - Bank of America Max Gumport - BNP Robert Moskow - TD Cowen Nik Modi - RBC Tom Palmer - Citi Chris Carey - Wells Fargo Rob Dickerson - Jefferies Operator Good morning, everyone, and welcome to the Conagra Brands Q4 and Fiscal Year 2024 Earnings Conference Call. All participants will be in a listen-only mode.

While the top- and bottom-line numbers for Conagra Brands (CAG) give a sense of how the business performed in the quarter ended May 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.