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Conagra Brands Inc (CAG)

CAG on New York Consolidated

36.50USD
23 Apr 2018
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$0.07 (+0.19%)
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Latest Key Developments (Source: Significant Developments)

Conagra Brands Qtrly Adj Diluted EPS From Cont Ops $0.61
Thursday, 22 Mar 2018 07:28am EDT 

March 22 (Reuters) - Conagra Brands Inc ::CONAGRA BRANDS REPORTS NET SALES AND EPS GROWTH IN THIRD QUARTER.SEES FISCAL 2018 ADJUSTED EARNINGS PER SHARE $2.03 TO $2.05 FROM CONTINUING OPERATIONS.QTRLY NET SALES $‍1,994.5​ MILLION VERSUS $1,981.2 MILLION.Q3 REVENUE VIEW $2.00 BILLION -- THOMSON REUTERS I/B/E/S.DILUTED EPS FROM CONTINUING OPERATIONS GREW FROM $0.41 TO $0.87 IN QUARTER.QTRLY ADJUSTED DILUTED EPS FROM CONTINUING OPERATIONS GREW 27.1% TO $0.61.NET SALES FOR REFRIGERATED & FROZEN SEGMENT INCREASED 3% TO $689 MILLION IN QUARTER.TAX IMPACT CHANGES RESULTED IN A ONE-TIME ESTIMATED INCOME TAX BENEFIT OF $236.7 MILLION IN QUARTER.NET SALES FOR GROCERY & SNACKS SEGMENT DECREASED 1% TO $838 MILLION IN QUARTER.SEES 2018 REPORTED NET SALES GROWTH ABOUT 150 BASIS POINTS HIGHER THAN ORGANIC NET SALES GROWTH RATE.REITERATED FISCAL 2018 OUTLOOK FOR ORGANIC NET SALES GROWTH.  Full Article

Conagra Brands, J.M. Smucker Terminate Deal For Wesson Oil Business Sale
Tuesday, 6 Mar 2018 04:55pm EST 

March 6 (Reuters) - Conagra Brands Inc ::CONAGRA BRANDS AND THE J.M. SMUCKER COMPANY TERMINATE AGREEMENT FOR SALE OF WESSON OIL BUSINESS.CONAGRA BRANDS INC - INTENDS TO CONTINUE ITS EVALUATION OF ROLE OF WESSON OIL BUSINESS WITHIN ITS PORTFOLIO.  Full Article

The J. M. Smucker Comments On FTC Position Regarding Proposed Acquisition Of The Wesson Oil Brand
Monday, 5 Mar 2018 04:59pm EST 

March 5 (Reuters) - J M Smucker Co ::THE J. M. SMUCKER COMPANY COMMENTS ON FTC POSITION REGARDING PROPOSED ACQUISITION OF THE WESSON OIL BRAND FROM CONAGRA BRANDS, INC..J M SMUCKER CO SAYS "‍STRONGLY BELIEVE" ACQUISITION OF WESSON OIL BRAND FROM CONAGRA BRANDS​ WOULD "BENEFIT ALL OF OUR CONSTITUENTS".  Full Article

Conagra Brands Comments On FTC Position Regarding Proposed Sale Of Wesson Oil Business
Monday, 5 Mar 2018 04:55pm EST 

March 5 (Reuters) - Conagra Brands Inc ::CONAGRA BRANDS COMMENTS ON FTC POSITION REGARDING PROPOSED SALE OF WESSON OIL BUSINESS.CONAGRA BRANDS - ‍AFTER WORKING FOR LAST 8 MONTHS TO RESPOND TO FTC'S INQUIRIES, "WE ARE VERY DISAPPOINTED BY AND DISAGREE WITH COMMISSION'S DECISION​".CONAGRA BRANDS INC - ARE WORKING WITH J.M. SMUCKER COMPANY TO REVIEW ALL OPTIONS REGARDING PROPOSED SALE OF WESSON OIL BUSINESS​.  Full Article

Conagra Brands Enters Into Term Loan Agreement
Tuesday, 27 Feb 2018 06:06pm EST 

Feb 27 (Reuters) - Conagra Brands Inc ::CONAGRA BRANDS INC SAYS ON FEB 22, IT ENTERED INTO A TERM LOAN AGREEMENT.CONAGRA BRANDS - CREDIT AGREEMENT PROVIDES FOR TERM LOANS TO CO IN AN AGGREGATE PRINCIPAL AMOUNT NOT IN EXCESS OF $300 MILLION.CONAGRA BRANDS SAYS ON FEB 26, CO BORROWED FULL AMOUNT OF $300 MILLION TERM LOAN FACILITY AVAILABLE UNDER CREDIT AGREEMENT.CONAGRA BRANDS SAYS IT USED PROCEEDS FROM THE BORROWING TO MAKE A VOLUNTARY PENSION PLAN CONTRIBUTION OF $300 MILLION.  Full Article

Bonduelle To Acquire From Conagra Del Monte Processed Fruit And Vegetable Business In Canada
Tuesday, 20 Feb 2018 01:50am EST 

Feb 20 (Reuters) - Bonduelle Sas ::REG-BONDUELLE ANNOUNCES AGREEMENT TO ACQUIRE FROM CONAGRA DEL MONTE PROCESSED FRUIT AND VEGETABLE BUSINESS IN CANADA.TRANSACTION WILL BECOME FINAL AFTER SUSPENSIVE CONDITIONS ARE LIFTED BEFORE END OF MAY 2018..ACQUISITION FOR A TOTAL VALUE OF $43 MILLION CANADIAN.  Full Article

Conagra To Sell Canadian Del Monte Processed Fruit And Vegetable Business To Bonduelle
Tuesday, 20 Feb 2018 01:30am EST 

Feb 20 (Reuters) - Conagra Brands Inc ::CONAGRA BRANDS ENTERS INTO DEFINITIVE AGREEMENT WITH BONDUELLE GROUP TO SELL ITS CANADIAN DEL MONTE® PROCESSED FRUIT AND VEGETABLE BUSINESS.TRANSACTION IS VALUED AT APPROXIMATELY CA$43 MILLION, WHICH IS APPROXIMATELY US$34 MILLION AT THE CURRENT EXCHANGE RATE.  Full Article

Jana Partners Cuts Sole Share Stake In Conagra Brands, Zayo Group
Wednesday, 14 Feb 2018 04:50pm EST 

Feb 14 (Reuters) - JANA PARTNERS LLC::JANA PARTNERS LLC CUTS SOLE SHARE STAKE IN CONAGRA BRANDS INC BY 35 PERCENT TO 3.2 MILLION SHARES - SEC FILING.JANA PARTNERS LLC CUTS SOLE SHARE STAKE IN ZAYO GROUP HOLDINGS INC BY 46 PERCENT TO 2.3 MILLION SHARES.JANA PARTNERS LLC DISSOLVES SOLE SHARE STAKE IN SALESFORCE.COM.JANA PARTNERS LLC - CHANGE IN HOLDINGS ARE AS OF DEC 31, 2017 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF SEPT 30, 2017.  Full Article

Conagra CEO on Conf Call- "We'll Stay Active In Our Pursuit Of Value Enhancing M&A"
Thursday, 21 Dec 2017 11:02am EST 

Dec 21 (Reuters) - Conagra ::AFTER CONSIDERABLE EFFORT TO MODERNIZE BRAND AND RECONDITION SHOPPERS TO PURCHASE PRODUCTS AT FULL MARGIN, BANQUET RETURNED TO GROWTH IN Q2‍​.ON CONF CALL- WE SEE SNACKS AS AN ATTRACTIVE GROWTH OPPORTUNITY.CEO- "ALWAYS ON LOOKOUT FOR BOTH MODERNIZING AND SYNERGISTIC ACQUISITIONS, THE FORMER TEND TO BE MORE PLENTIFUL THAN THE LATTER".CEO- "WE'LL STAY ACTIVE IN OUR PURSUIT OF VALUE ENHANCING M&A".  Full Article

Conagra Brands Reports Q2 Adj Earnings Per Share $0.55
Thursday, 21 Dec 2017 07:28am EST 

Dec 21 (Reuters) - Conagra Brands Inc ::CONAGRA BRANDS REPORTS NET SALES AND EPS GROWTH IN SECOND QUARTER.Q2 ADJUSTED EARNINGS PER SHARE $0.55 FROM CONTINUING OPERATIONS.Q2 EARNINGS PER SHARE $0.54 FROM CONTINUING OPERATIONS.Q2 EARNINGS PER SHARE VIEW $0.52 -- THOMSON REUTERS I/B/E/S.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $1.84 TO $1.89 FROM CONTINUING OPERATIONS.FISCAL 2018 ORGANIC NET SALES AND ADJUSTED EPS ARE NOW EXPECTED TO BE NEAR HIGH END OF THEIR RESPECTIVE GUIDANCE RANGES.NET SALES FOR GROCERY & SNACKS SEGMENT GREW 6% TO $900 MILLION IN QUARTER.ESTIMATES RECENT HURRICANES INCREASED ITS NET SALES AND ORGANIC NET SALES GROWTH RATES BY APPROXIMATELY 220 BASIS POINTS IN QUARTER.QTRLY NET SALES FOR REFRIGERATED & FROZEN SEGMENT INCREASED 2% TO $758 MILLION.FY2018 EARNINGS PER SHARE VIEW $1.89 -- THOMSON REUTERS I/B/E/S.QTRLY NET SALES $2,173.4 MILLION VERSUS $2088.4 MILLION.Q2 REVENUE VIEW $2.07 BILLION -- THOMSON REUTERS I/B/E/S.SEES FY 2018 ORGANIC NET SALES GROWTH NEAR HIGH END OF DOWN 2% TO FLAT.REMAINS ON TRACK FOR FISCAL 2020 TARGETS.  Full Article

BRIEF-Conagra Brands Announces Quarterly Dividend Payment

* CONAGRA BRANDS - BOARD OF DIRECTORS APPROVED A QUARTERLY DIVIDEND PAYMENT OF $0.2125 PER SHARE Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)