On an adjusted basis, the packaged foods company said, it earned 59.81 pence per share in Q2. In comparison, analysts expect 54.64 pence of adjusted EPS for the NYSE listed company in the current quarter and 6.1% year over year growth in sales, as per FactSet. Guided by an entrepreneurial spirit, Conagra Brands combines a rich heritage of making great food with a sharpened focus on innovation. Foodservice sales decreased 23% to $212 million. In terms of sales, Conagra recorded £2.22 billion in the recent quarter versus the year-ago figure of a lower £2.08 billion. The sales increase was attributed to sales growth in both Canada and Mexico. Conagra makes and sells products under various brand names that are available in supermarkets, restaurants, and food service establishments. Conagra Brands gives generously to support the communities where our employees live and work, helping those in need. Items affecting performance included lower restaurant traffic and the impact of some divested businesses. 72 talking about this. People are returning to their kitchens during the pandemic and new younger consumers are discovering the joy of cooking. As more people eat at home these days, the trend is benefiting Conagra Brands Inc., which reported better-than-expected second-quarter results. Conagra’s portfolio of iconic and emerging food brands continues to evolve to offer contemporary choices for every occasion. “We continue to build on our momentum, and our Q2 results exceeded our expectations across the board,” said Sean Connolly, president and chief executive officer, during a Jan. 7 conference call with securities analysts to discuss the results. The health of our planet and the availability of natural resources are deeply linked to every part of our business. In separate news from the United States, Bed Bath & Beyond also published its quarterly financial results on Thursday. 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Conagra Brands is a consumer packaged goods food company. Our eight Zero Waste Champion facilities have diverted more than 95% of waste materials from landfills through innovative ways, such as composting and diverting organic waste to animal feed. Sales of the company’s frozen, snack and center-store brands continued to … According to FactSet, experts had forecast the company to post a slightly lower £2.21 billion of sales in the second quarter. “Our basket of the total staples category grew retail sales by 12.7% in the second quarter. Do we have confirmation of Apple’s car ambitions thanks to Hyundai? Conagra Brands named Manny Chirico to its board of directors in December. Sales for Conagra’s Grocery & Snacks business unit rose 13% during the quarter to $1.3 billion. Ziesmer showed how to make a Dark Chocolate Sea … Write Us Conagra Brands 222 W. Merchandise Mart Plaza Suite 1300 Chicago, IL 60654 “People are returning to their kitchens during the pandemic and new younger consumers are discovering the joy of cooking.”  – Sean Connolly, Conagra Brands, “So, a lot of our staple products, be it products like Hunt’s tomato, Rotel, our salsa business or our dressing businesses, these are businesses that are playing a meaningful role during the pandemic, and we believe, because of some of the demographic tailwinds, will continue at an elevated level post-pandemic.”. Business unit operating profit surged 41% to $264 million. Created in collaboration with SocialWorks, the charitable organization founded by Chance, the program helped … Are you looking for fast-news, hot-tips and market analysis? See who Conagra Brands has hired for this role. Conagra Brands, Inc. (NYSE: CAG) is joining Chance the Rapper, Grammy award-winning musician and humanitarian, to provide students in Chicago arts enrichment opportunities through a … Conagra Brands is headquartered in Chicago, IL and has 55 office locations across 3 countries. Guided by an entrepreneurial spirit, Conagra Brands combines a rich heritage of making great food with a sharpened focus on innovation. Conagra Brands, Inc. is an American packaged foods company headquartered in Chicago, Illinois. Conagra Brands is a U.S. company, headquartered in Chicago, Ill. 345 salaries for 193 jobs at Conagra Brands in Chicago, IL Area. A free inside look at company reviews and salaries posted anonymously by employees. Salaries posted anonymously by Conagra Brands employees in Chicago, IL Area. Find company, investor and career information and learn more about our brands. Conagra Brands Chicago, IL. We use cookies to provide you with a better experience. Guided by an entrepreneurial spirit, Conagra Brands combines a rich heritage of making great food with a sharpened focus on innovation. About Conagra Brands Conagra Brands, Inc. (NYSE: CAG), headquartered in Chicago, is one of North America's leading branded food companies. CHICAGO – Conagra Brands, Inc. continues to benefit from consumers shopping at retail and eating at home. Design, CMS, Hosting & Web Development :: Subscribe to Food Business News' free newsletters to stay up to date about the latest food and beverage news. Conagra Brands, Inc. (NYSE: CAG), headquartered in Chicago, is one of North America's leading branded food companies. By continuing to browse the site you are agreeing to our use of cookies in accordance with our. About Conagra Brands Conagra Brands, Inc. (NYSE: CAG), headquartered in Chicago, is one of North America's leading branded food companies. Supply chain constraints had been a drag on the Birds Eye business, but with those issues resolved brand performance accelerated, according to the company. Conagra estimates a 6% to 8% annualised growth in the third-quarter organic net sales. Brand Manager Conagra Brands Chicago, IL 2 weeks ago 59 applicants. Mr. Connolly emphasized that Conagra’s line of staple products, primarily products sold in the center of the store, include such brands as Hunt’s, Pam and Rotel, enjoyed another strong quarter. CPG companies introduce innovation with a cause. Certain terms used in this release, including 'Organic net sales,' 'EBITDA,' and certain 'adjusted' results, are defined under the section entitled 'Definitions.' “Historically, this portfolio has served as a source of cash for us, but it hasn’t been looked at as a growth engine,” he said. This official Facebook page of Conagra Brands. CHICAGO – Conagra Brands, Inc. continues to benefit from consumers shopping at retail and eating at home. Sign-up for the Invezz newsletter, today. The company's portfolio is evolving to satisfy people's changing food preferences. Sales of the company’s frozen, snack and center-store brands continued to rise during the second quarter of fiscal year ended Nov. 29, 2020. Conagra Brands’ net income jumps to £280 million in the fiscal second quarter. Sign-up for the Invezz newsletter, today. The company was founded in 1919 by Frank Little and Alva Kinney in Nebraska as a grain mills company. Net income for the quarter rose 45% to $379 million. Conagra Brands (CAG) - Get Report, parent of iconic food brands like Hunt's and Vlasic, reported fiscal-second-quarter earnings per share rose 45% … The MarketWatch News Department was not involved in the creation of this content. Quarterly sales rose 6% to $2.995 billion from $2.82 billion the year prior. International unit sales rose 7% during the quarter to $250 million. 14 Conagra Brands jobs available in Chicago, IL on Indeed.com. By using Invezz, you accept our, Conagra Brands’ net income jumps to £280 million in the second quarter. “In addition to strong retail sales growth of 7.2% in the quarter, Birds Eye gained an impressive 261 basis points of share from Q1 to Q2,” Mr. Connolly said. Tailwinds benefiting the business included supply chain productivity and cost synergies associated with the acquisition of Pinnacle Foods in 2019. Conagra Brands performed only slightly upbeat in the stock market last year with an annual gain of more than 6%. 98 Conagra Brands reviews in Chicago, IL. 98 Conagra Brands reviews in Chicago, IL. The packaged foods company topped analysts' estimates for sales and earnings. Sales for the period rose 9% to $5.67 billion. Conagra Brands Salaries trends. Rise in at-home eating spurs sales surge at General Mills, Consumers have mixed views on at-home eating, Dairy back in demand due to stay-at-home orders, Away-from-home eating disruption hampers Unilever results, Profit-taking pauses rallies in soybeans, corn, wheat, Meet the novice noodle makers reinventing instant ramen, FDA sends CBD warning letters to five companies. The stock is now trading at £25.48 per share versus a significantly lower £17.82 per share in March 2020 when the COVID-19 restrictions were at their peak. In the comparable quarter of last year, it had posted a significantly lower £192.34 million of net income or 39.13 pence per share. Segment operating profit increased 20% to $316 million. The Chicago … CHICAGO, Nov. 23, 2020 /PRNewswire/ -- Conagra Brands, Inc. (NYSE: CAG) is joining Chance the Rapper, Grammy award-winning musician and humanitarian, to provide students in Chicago arts enrichment opportunities through a new food packaging design mentorship program. Chef Rebekah Ziesmer with Conagra Brands joined ABC 7 Chicago Thursday to show off some recipes. “Total Conagra retail sales grew 10.4% year-over-year with strong growth across each of our snacks, frozen and staples portfolios,” Mr. Connolly said. Contact Us about Product Feedback, New Business and More | Conagra Brands Skip to main content Refrigerated & Frozen segment sales rose 7% to $1.2 billion during the quarter. Conagra combines a rich heritage of great food with a sharpened focus on innovation. At the time of writing, the American packaged foods company is valued at £12.49 billion and has a price to earnings ratio of 17.01. Reviews from Conagra Brands employees about Conagra Brands culture, salaries, benefits, work-life balance, management, job security, and more. Conagra Brands, Inc. (NYSE: CAG), headquartered in Chicago, is one of North America's leading branded food companies. CHICAGO - Today Conagra Brands, Inc. (NYSE: CAG) reported results for the second quarter of fiscal year 2021, which ended on November 29, 2020.All comparisons are against the prior-year fiscal period, unless otherwise noted. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability. Conagra Brands is an Affirmative Action and Equal Opportunity Employer. Apply on company website. Guided by an entrepreneurial spirit, Conagra Brands combines a rich heritage of making great food with a sharpened focus on innovation. For fiscal Q3, the Chicago-based company now forecasts it adjusted per-share earnings to fall in the range of 41.35 pence per share to 44.30 pence per share. Conagra Brands performed only slightly upbeat in the stock market last year with an annual gain of more than 6%. Conagra estimates an up to 8% growth in the third-quarter organic net sales. How stock type size affects your investment decisions, How the quality of different stock types affects your investment outcomes, What different sectors say about an investor’s stock type preferences, Moderna shares remain in a bull market but the current price does not represent a good value for long-term investors, Niu Technologies reports a 40.9% annualised growth in fourth-quarter sales. Apply to Financial Analyst, Senior Brand Manager, Senior IT Auditor and more! Conagra Brands Inc. (NYSE: CAG) published its earnings report for the fiscal second quarter on Thursday that topped analysts’ estimates for sales and earnings despite the ongoing COVID-19 crisis that disrupted countless business in 2020. Conagra Brands net income for the first six months of fiscal 2021 rose 63% to $708 million. Call Us 312-549-5000 Monday through Friday. At Conagra, we’re committed to helping create a more sustainable future through responsible food production. Their estimate for per-share earnings was capped at 54.64 pence per share. Management declined to issue full-year guidance, but did say it expects third-quarter organic net sales growth in the range of 6% to 8% and adjusted earnings per share between 56¢ to 60¢. It operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The company's portfolio is evolving to satisfy people's changing food preferences. Company brands include Armour, Angela Mia, Butterball, ConAgra Mills, Egg Beaters, El eXtremo, Fernando's, Gilroy Foods, Gulden's, Healthy Choice, Hebrew National, Hunt's, La Choy, Lamb Weston, Orville Redenbacher's, Reddi-wip, Singleton, Slim Jim, Spicetec, Swiss Miss, The Max and Ultragrain. The company attributed the increase to elevated levels of at-home eating and replenishment of retailer inventories. CEO Sean Connolly of Conagra Brands commented on the financial results on Thursday and said: “We remain confident that Conagra Brands is well-positioned to capture the benefits of the shifting consumer behaviour, many of which we believe will continue well into the future.”. Total frozen retail sales grew 8% during the quarter and were propelled by Conagra’s Birds Eye frozen vegetables business. ConAgra's cornucopia of America's best-known brands includes Banquet, Birds Eye, Slim Jim, Reddi-wip, Vlasic, Angie's BOOMCHICKAPOP, Duke's, Earth Balance, Gardein, Frontera, Healthy Choice, and … “Total Conagra household penetration grew 14 basis points versus a year ago, and our category share increased 26 basis points.”. A free inside look at company reviews and salaries posted anonymously by employees. Conagra said that its net income printed at £279.76 million in the second quarter that translates to 56.85 pence per share. 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