$CAG (ConAgra Foods, Inc.)

$CAG {{ '2016-06-30T14:26:13+0000' | timeago}} • Webcast

$CAG ended 4Q16 with $835MM of cash on hand and no outstanding commercial paper borrowings. Capex in 4Q16 was $150MM. Dividends were $109MM. For the year, $CAG repaid approx. $2.5Bil of debt mainly from the proceeds from the sale of the private label operations.

$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.

$CAG {{ '2017-06-29T13:45:34+0000' | timeago}} • Webcast

During 4Q17, $CAG’s adjusted diluted EPS of $0.37 was up about 16% from the prior year. For FY17, adjusted diluted EPS increased 34% to $1.74. The company drove 100BP of adjusted operating margin improvement in 4Q17 compared to 4Q16.

$CAG {{ '2017-06-29T12:10:07+0000' | timeago}} • Announcement

For FY18, $CAG now sees reported and organic net sales to be flat to down 2%. With effective tax rate of 32.5-33.5%, adjusted diluted EPS from continuing operations is expected in the range of $1.84 to $1.89 for the year.

$CAG {{ '2017-06-29T12:06:36+0000' | timeago}} • Announcement

With net sales dipping 9.3% to $1.86Bil in 4Q17, $CAG returned to profit with $0.36 per share income from continuing operations from last year's loss of $0.27. Net attributable income jumped 29% to $151.3 per share or $0.36 per diluted share in the quarter.

$CAG {{ '2017-06-01T16:47:25+0000' | timeago}} • Announcement

$CAG has promoted Mindy Simon, VP of global business services, to chief information officer, effective June 1, 2017. Simon will succeed Gerrit Schutte, who announced his plans to retire from Conagra Brands. She will report to CFO Dave Marberger. Schutte will remain with the company until October 2017 to assist with Simon's transition.

$SJM {{ '2017-05-30T13:27:59+0000' | timeago}} • Announcement

$SJM agreed to buy Wesson oil brand from $CAG. The company anticipates the acquisition to add annual net sales of about $230MM. The transaction is expected to generate EBITDA of about $30MM and contribute about $0.10 to its adjusted EPS in the first full year after closing, excluding one-time costs and before giving effect to synergies.

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