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Conagra Brands Inc (CAG.N)

CAG.N on New York Stock Exchange

39.01USD
26 Apr 2017
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Latest Key Developments (Source: Significant Developments)

Compass Minerals names Patrick Linehan CFO
Tuesday, 28 Mar 2017 04:15pm EDT 

Compass Minerals International Inc : Compass Minerals names Patrick D. Linehan chief financial officer . Compass Minerals International Inc - Linehan most recently served as senior vice president, finance of Conagra's consumer brands business .Compass Minerals International Inc - appointment of Patrick "Doug" Linehan as company's chief financial officer effective April 3, 2017.  Full Article

Conagra Brands Q3 EPS $0.41 from continuing operations
Thursday, 23 Mar 2017 07:30am EDT 

Conagra Brands Inc : Conagra Brands reports continued margin expansion and EPS growth in third quarter . Q3 adjusted earnings per share $0.48 from continuing operations . Q3 earnings per share $0.41 from continuing operations . Q3 earnings per share view $0.44 -- Thomson Reuters I/B/E/S . Updating full year guidance to reflect beneficial timing of certain costs and softer near-term macro environment . Conagra Brands Inc qtrly net sales for refrigerated & frozen segment decreased 6% to $666 million . Conagra Brands Inc qtrly net sales for grocery & snacks segment decreased 5% to $850 million . Conagra Brands - FY net sales are expected to be at or slightly below low-end of range of down 4% to 5% . Adjusted diluted EPS is expected to be at or slightly above high-end of $1.65 to $1.70 range for 2017 . Conagra Brands - sees FY adjusted operating margin is expected to be slightly above range of 15.3% to 15.5% . Conagra Brands qtrly net sales $1,981.2 million versus $2,199.3 million last year . Conagra Brands - qtrly net sales for food service segment decreased 3% to $260 million .Q3 earnings per share view $0.44, revenue view $1.98 billion -- Thomson Reuters I/B/E/S.  Full Article

Conagra Brands on Feb 16 entered into a revolving credit agreement - SEC Filing
Friday, 17 Feb 2017 05:28pm EST 

Conagra Brands Inc : On February 16 co entered into a revolving credit agreement - SEC Filing . Conagra Brands Inc - Revolving credit facility provided for under credit agreement matures on February 16, 2022, and is unsecured .Conagra Brands-Credit agreement provides for revolving credit facility in maximum aggregate principal amount outstanding at any one time of $1.25 billion.  Full Article

ConAgra on conf call- Realizing cost savings goals faster than planned
Thursday, 22 Dec 2016 12:00pm EST 

Conagra : CEO on conf call- expect to see new products hit the market in early fiscal 2018 . CEO - in second half of fiscal 2017, will be lapping last year's pricing actions and expect to see corresponding improvement in top line trends . SKU optimization driving improved profitability and has been recognized by customers, particularly early efforts on brands like chef boy after dee and healthy choice . CFO- "pleased with our first half SG&A performance as we are realizing our cost savings goals a bit faster than we planned" . Executive- "At the end of Q2 there was an industry issue on nitrous oxide that impacted reddi-wip" . There's SG&A related spending that has been deferred to the second half of the year Further company coverage: [CAG.N] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Lamb Weston to use net proceeds of issuance of notes to partially fund a cash payment to ConAgra foods
Wednesday, 26 Oct 2016 07:05am EDT 

ConAgra Foods Inc : Lamb Weston announces proposed private offering of $1.666 billion combined aggregate principal amount of senior notes due 2024 and senior notes due 2026 .Lamb Weston says intends to use net proceeds of issuance of notes being offered by it to partially fund a cash payment to ConAgra foods.  Full Article

Lamb Weston expects fiscal 2017 net sales to grow in low single digits
Thursday, 13 Oct 2016 11:38am EDT 

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

ConAgra says Goldman Sachs, others commenced cash tender offers to buy series of outstanding debt securities
Tuesday, 11 Oct 2016 09:19am EDT 

ConAgra Foods Inc : ConAgra - Goldman, Sachs & Co., Merrill Lynch, and others commenced cash tender offers to buy series of outstanding debt securities of co .ConAgra - purchasers to buy portion of series of outstanding debt securities of co up to a maximum aggregate purchase price of $1.37 billion.  Full Article

Conagra Foods says board of directors approves conditional $1.25 bln share repurchase plan
Tuesday, 11 Oct 2016 07:30am EDT 

Conagra Foods Inc : Says board of directors approves conditional $1.25 billion share repurchase plan . Conagra Foods says share repurchase authorization is contingent on completion of spin-off of Lamb Weston business and has no expiration date .Says Conagra Foods Inc. will be renamed Conagra Brands Inc. Upon completion of spin-off.  Full Article

Conagra says reversing historical practice of promoting below $1 price point
Thursday, 29 Sep 2016 10:18am EDT 

Conagra Foods Inc : Company in conference call says Q1 volume declines in grocery, snack segment largely concentrated on a few brands such as Chef Boyardee , Snack Pack where co is reversing historical practice of promoting below $1 price point . Q1 food service segment was negatively affected by normalization of egg prices after last year's Avian influenza outbreak Further company coverage: [CAG.N] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

ConAgra Foods Q1 adjusted earnings per share $0.61
Thursday, 29 Sep 2016 07:30am EDT 

ConAgra Foods Inc : ConAgra Foods delivers continued margin expansion propelling first quarter EPS ahead of expectations . Q1 adjusted earnings per share $0.61 from continuing operations . Q1 GAAP earnings per share $0.42 from continuing operations . Q1 earnings per share view $0.48 -- Thomson Reuters I/B/E/S . Company remains on-track to execute spin-off of Lamb Weston business this fall . Qtrly total sales $$2.66 billion versus $2.79 billion last year . Q1 revenue view $2.73 billion -- Thomson Reuters I/B/E/S .Company expects this to be last earnings release as ConAgra Foods.  Full Article

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