$CAG (ConAgra Foods, Inc.)

$CAG {{ '2016-01-11T14:08:34+0000' | timeago}} • SEC

During the first half of fiscal 2016, $CAG used $54.7MM of cash, resulting in a 41.8% decline in the cash and cash equivalents. This was the net result of $318MM generated from operating activities, $237MM used in investing activities, $132.7MM used in financing activities.

$CAG {{ '2017-12-22T18:27:34+0000' | timeago}} • Webcast

$CAG has been on a buying spree in order to strengthen its position, mainly in the snacks space. During 2Q18, it completed the $250MM acquisition of Angie's Artisan Treats, the maker of Angie's Boom Chicka Pop. The company also entered into an agreement to acquire Sandwich Bros. of Wisconsin business. The deal is expected to close in early FY18.

$CAG {{ '2017-12-21T17:27:54+0000' | timeago}} • Announcement

$CAG agreed to acquire the Sandwich Bros. of Wisconsin business, which produces frozen breakfast and entree flatbread sandwiches. The transaction is expected to close in early 2018.

$CAG {{ '2017-12-21T16:37:54+0000' | timeago}} • Infographic

$CAG Conagra Brands, Inc. Earnings AlphaGraphic: Q2 2018 Highlights

$CAG {{ '2017-12-21T13:37:20+0000' | timeago}} • Announcement

For FY18, $CAG expects its organic net sales growth to be flat to down 2%. Adj. EPS from continuing operations is expected to be near the high end of the range of $1.84-1.89. Net sales growth is expected to be 100 to 150Bps higher than the organic net sales growth rate due to the impacts of acquisitions and foreign exchange.

$CAG {{ '2017-12-21T13:32:50+0000' | timeago}} • Announcement

$CAG reported 83% jump in its 2Q18 earnings, helped by net sales growth and lower interest expense. Net income grew to $223.5MM, or $0.54 per share, from $122.1MM, or $0.28 per share during 2Q17. Adj. EPS grew 12.2% from $0.49 to $0.55. Net sales rose 4% YoY to $2.17Bil, reflecting continued improvements in domestic retail volume growth.

$LW {{ '2017-10-04T15:10:41+0000' | timeago}} • Announcement

$LW, whose spin-off from $CAG was completed in late 2016, posted a 5% YoY increase in earnings to $83.4MM, or $0.56 per share, for 1Q18. Earnings, adjusted for non-recurring costs, fell 2% to $0.57 per share. Sales of the potato company grew 5% to $817.5MM in the period.

$CAG {{ '2017-09-28T19:39:12+0000' | timeago}} • Webcast

$CAG posted net cash flow from operating activities of about $142MM in 1Q18, down from $208MM during the same period the prior year. This decrease was mainly due to the increase in inventory from our acquisitions and the launch of new products. The company repurchased approx. 9MM shares at the cost of $300MM during the quarter.

$CAG {{ '2017-09-28T19:34:14+0000' | timeago}} • Webcast

$CAG plans to focus on implementing value over volume strategy more aggressively in international and food service. Acquisition of the Frontera, Duke's, and BIGS brands in 2017 added 170BP to $CAG's 1Q18 net sales growth, however the divestiture of Spicetec and Swank reduced growth by apporx. 370BP.

$CAG {{ '2017-09-28T19:28:14+0000' | timeago}} • Webcast

During 1Q18, $CAG entered into an agreement to acquire Angie's Boomchickapop popcorn. The transaction that is valued at $250MM is expected to generate about $100MM in annual sales. The company expects to close the transaction by end of 2017. However, the FY18 outlook does not include this pending acquisition.

$CAG {{ '2017-09-28T13:25:58+0000' | timeago}} • Announcement

$CAG expects its FY18 net sales to be down 2% to flat. Adjusted EPS is expected to be in the range of $1.84-1.89.

$CAG {{ '2017-09-28T13:22:59+0000' | timeago}} • Announcement

$CAG reported 4.8% drop in its 1Q18 net sales, hurt by weak demand for grocery and snacks products. Net attributable income fell to $152.5MM, or $0.36 per share, from $186.2MM, or $0.42 per share in 1Q17. This decline was due to increased payment made to slot brands like PAM and P.F. Chang's Home Menu businesses. Adj. EPS was $0.46 per share.

$CAG {{ '2017-09-28T13:00:12+0000' | timeago}} • Infographic

$CAG Conagra Brands Earnings AlphaGraphic: Q1 2018 Highlights

$CAG {{ '2017-09-22T14:11:26+0000' | timeago}} • Announcement

$CAG's BoD approved a quarterly dividend payment of $0.2125 per share of its common stock. The dividend will be paid on Nov. 30, 2017 to stockholders of record as of the close of business on Oct. 31, 2017.

$CAG {{ '2017-09-22T14:10:40+0000' | timeago}} • Announcement

$CAG agreed to buy Angie's Artisan Treats, LLC, the maker of Angie's BOOMCHICKAPOP ready-to-eat popcorn, from TPG Growth for undisclosed terms. The transaction is expected to close by the end of the calendar year.

$CAG {{ '2017-07-20T13:53:21+0000' | timeago}} • Announcement

$CAG's BoD approved a quarterly dividend payment of $0.2125 per share of $CAG common stock. The dividend is payable on Aug. 31, 2017 to stockholders of record as of the close of business on July 31, 2017.

$CAG {{ '2017-06-29T18:03:15+0000' | timeago}} • Infographic

$CAG Conagra Brands Earnings AlphaGraphic: Q4 2017 Highlights

$CAG {{ '2017-06-29T14:45:59+0000' | timeago}} • Webcast

$CAG has a trade productivity target of $100MM of savings through the end of 2017 and the company is about two-thirds of its way through this. $CAG expects benefits going forward. The company finished FY17 in the grocery business with about 80BP of improvement in pricing and about 100BP improvement for frozen.

$CAG {{ '2017-06-29T14:33:50+0000' | timeago}} • Webcast

$CAG stated that its renewal rates, which is the percent of annual net sales from prior three-year innovations, were historically in the high single digit range. The company’s goal is to bring this to about 15% and it is making progress in this area.

$CAG {{ '2017-06-29T14:14:36+0000' | timeago}} • Webcast

$CAG had CapEx of $242MM for FY17 versus $278MM in FY16. The company is in line with its targets for capital spending of 3-4% of net sales. The company paid dividends of $450MM in FY17.

$CAG {{ '2017-06-29T14:06:32+0000' | timeago}} • Webcast

In 4Q17, net sales for $CAG’s Grocery & Snacks segment decreased 3% to $749MM versus 4Q16. Net sales for the Refrigerated & Frozen segment decreased 5% to $640MM. Net sales for the International segment dropped 1% to $205MM and net sales for the Foodservice segment fell 5% to $267MM.

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