$CAG (ConAgra Foods, Inc.)

$CAG {{ '2015-06-30T16:03:24+0000' | timeago}} • Webcast

$CAG 4Q15 Q&A Update: John, CFO: We're not going to provide guidance. My philosophy on marketing spend is that you've to bring an incredibly strong discipline. You just don't go & start spending, because you think it's going to work. You can only invest where you’ve full confidence that you can drive margin expansion & good return on investment.

$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.

$SJM {{ '2017-05-30T13:26:25+0000' | timeago}} • Announcement

$SJM agreed to buy Wesson oil brand from $CAG. The all-cash transaction, which $SJM will fund primarily with debt, is valued at about $285MM, prior to expected tax benefit related to the acquisition with a present value of about $45MM. $SJM expects to consolidate Wesson production into its existing oils manufacturing facility in Cincinnati, Ohio.

$CAG {{ '2017-05-30T13:24:08+0000' | timeago}} • Announcement

$CAG agreed with $SJM to divest the Wesson oil brand. The transaction is valued at about $285MM. $CAG will continue to make the products sold under the Wesson brand and provide certain other transition services for up to one year following the close of the transaction.

$CAG {{ '2017-04-24T20:43:00+0000' | timeago}} • Announcement

$CAG has completed the acquisition of protein-based snacking businesses Thanasi Foods LLC, maker of Duke's meat snacks, and BIGS LLC, maker of BIGS seeds. Financial terms were not disclosed.

$LW {{ '2017-04-06T17:34:12+0000' | timeago}} • Webcast

$LW, which got spun off from $CAG in Nov. 2016, said that supply chain, commercial, corporate and functional teams are making progress against post-spin Transition Services Agreements. The company added that it is on track to be off these agreements as initially scheduled.

$CAG {{ '2017-04-04T11:15:50+0000' | timeago}} • Announcement

$CAG BoD approved a quarterly dividend of $0.20 per share of its common stock to be paid on May 30, 2017, to stockholders as on April 28, 2017.

$CMP {{ '2017-03-29T13:25:32+0000' | timeago}} • Announcement

$CMP named Patrick Linehan as the new CFO, effective April 3, 2017. Mr. Linehan most recently served as SVP, finance of $CAG’s consumer brands business.

$CAG {{ '2017-03-23T15:44:33+0000' | timeago}} • Webcast

With regards to the 4Q17 initiatives, $CAG stated that it is planning to bring in some new vacancies in the areas of innovation and integrated margin management.

$CAG {{ '2017-03-23T15:16:19+0000' | timeago}} • Webcast

$CAG expects SG&A expense to increase in 4Q17 and the open headcount to increase in 4Q17 and FY18. The company added that it was able to cut the costs and will hit the targets earlier than it expected.

$CAG {{ '2017-03-23T14:29:28+0000' | timeago}} • Webcast

$CAG, which completed the spin-off of its Lamb Weston business in Nov. 2016, said that the Lamb Weston and the related joint ventures have been reclassified as discontinued operations starting from 2Q17. SG&A reductions are on track to deliver the total targeted savings of $200MM by the end of FY17.

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