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Conagra Brands Inc (CAG)

CAG on New York Consolidated

34.10USD
25 Jul 2017
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Latest Key Developments (Source: Significant Developments)

Conagra Brands files for potential mixed shelf offering
Friday, 21 Jul 2017 05:40pm EDT 

July 21 (Reuters) - Conagra Brands Inc :Files for potential mixed shelf offering; size not disclosed - SEC filing.  Full Article

Conagra Brands announces quarterly dividend payment
Thursday, 20 Jul 2017 09:19am EDT 

July 20 (Reuters) - Conagra Brands Inc ::Conagra Brands announces quarterly dividend payment.Conagra Brands Inc - ‍board of directors approved a quarterly dividend payment of $0.2125 per share of CAG common stock​.  Full Article

Conagra qtrly adjusted earnings per share ‍$0.37​
Thursday, 29 Jun 2017 07:28am EDT 

June 29 (Reuters) - Conagra Brands Inc ::Conagra Brands' transformation continues with solid end to strong fiscal 2017.Conagra Brands Inc qtrly earnings per share from continuing operations ‍$0.36​.Conagra Brands Inc qtrly adjusted earnings per share ‍$0.37​.Q4 net sales $1,861.7 million versus $2,053.0‍​ million.Conagra Brands Inc - ‍in Q4, net sales for refrigerated & frozen segment decreased 5% to $640 million​.Conagra Brands Inc - ‍in Q4, net sales for foodservice segment decreased 5% to $267 million​.Conagra Brands Inc - ‍board has authorized an additional $1 billion of share repurchases​.Conagra Brands Inc - ‍in Q4, company reached its fiscal 2017 target of repurchasing $1 billion of common stock​.Says company is reiterating its three-year fiscal 2020 financial algorithm, which uses fiscal 2017 as the base year‍​.Sees fiscal 2018 reported net sales growth in the range of down 2 percent to flat‍​.Conagra Brands Inc - ‍sees adjusted gross margin of approximately 32% for full fiscal year 2020​.Sees fiscal 2018 organic net sales growth in the range of down 2% to flat.Conagra Brands Inc - sees ‍adjusted operating margin of approximately 16.5% for full fiscal year 2020​.Sees 2018 adjusted diluted EPS from continuing operations in the range of $1.84 to $1.89‍​.Q4 earnings per share view $0.37, revenue view $1.86 billion -- Thomson Reuters I/B/E/S.Fy2018 earnings per share view $1.88, revenue view $7.63 billion -- Thomson Reuters I/B/E/S.  Full Article

Conagra-Pinnacle Foods deal talks have ended, not expected to re-engage- CNBC, citing sources
Friday, 2 Jun 2017 09:40am EDT 

June 2 (Reuters) - :Conagra, Pinnacle talks have ended, not expected to re-engage after they were far apart on value -CNBC, citing sources.Conagra and Pinnacle Foods were unable to agree on a price - CNBC, citing source.  Full Article

J. M. Smucker company to acquire Wesson Oil Brand from Conagra Brands for about $285 mln
Tuesday, 30 May 2017 09:05am EDT 

May 30 (Reuters) - J M Smucker Co ::The J. M. Smucker company to acquire the Wesson® oil brand from Conagra Brands, Inc..J. M. Smucker co says all-cash transaction, which company will fund primarily with debt, is valued at approximately $285 million.J. M. Smucker co - company anticipates acquisition to add annual net sales of approximately $230 million.J. M. Smucker co - under terms of agreement, conagra will continue to manufacture products sold under wesson brand.J. M. Smucker co - annual cost synergies of approximately $20 million are expected to be fully realized within two years after closing.J. M. Smucker co - after transition period, company expects to consolidate wesson production into its existing oils manufacturing facility in Cincinnati, Ohio..J. M. Smucker co says transaction is expected to generate earnings about $30 million and contribute about $0.10 to company's adjusted eps in first fy after closing.  Full Article

Century Pacific Food to acquire the Hunt’s license for Philippines
Monday, 1 May 2017 09:16pm EDT 

May 2 (Reuters) - Century Pacific Food Inc :To acquire the Hunt’s license for Philippines.Co to purchase rights to manufacture, sell, and distribute Hunt’s branded products in Philippines from JV between Universal Robina and Conagra Foods.  Full Article

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

BRIEF-Conagra Brands files for potential mixed shelf offering

* Files for potential mixed shelf offering; size not disclosed - SEC filing Source text for Eikon: (http://bit.ly/2uJHN0C) Further company coverage: