The MarketWatch News Department was not involved in the creation of this content. The company attributed the increase to elevated levels of at-home eating and replenishment of retailer inventories. See who Conagra Brands has hired for this role. Call Us 312-549-5000 Monday through Friday. 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. Conagra Brands gives generously to support the communities where our employees live and work, helping those in need. Conagra Brands is headquartered in Chicago, IL and has 55 office locations across 3 countries. About Conagra Brands Conagra Brands, Inc. (NYSE: CAG), headquartered in Chicago, is one of North America's leading branded food companies. Created in collaboration with SocialWorks, the charitable organization founded by Chance, the program helped ⦠As more people eat at home these days, the trend is benefiting Conagra Brands Inc., which reported better-than-expected second-quarter results. Conagra Brands Inc. (NYSE: CAG) published its earnings report for the fiscal second quarter on Thursday that topped analystsâ estimates for sales and earnings despite the ongoing COVID-19 crisis that disrupted countless business in 2020. Design, CMS, Hosting & Web Development :: Subscribe to Food Business News' free newsletters to stay up to date about the latest food and beverage news. Sign-up for the Invezz newsletter, today. CEO Sean Connolly of Conagra Brands commented on the financial results on Thursday and said: âWe 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.â. Supply chain constraints had been a drag on the Birds Eye business, but with those issues resolved brand performance accelerated, according to the company. 345 salaries for 193 jobs at Conagra Brands in Chicago, IL Area. Conagra said that its net income printed at £279.76 million in the second quarter that translates to 56.85 pence per share. Conagra Brands is a consumer packaged goods food company. On an adjusted basis, the packaged foods company said, it earned 59.81 pence per share in Q2. At Conagra, weâre committed to helping create a more sustainable future through responsible food production. The packaged foods company topped analysts' estimates for sales and earnings. A free inside look at company reviews and salaries posted anonymously by employees. Guided by an entrepreneurial spirit, Conagra Brands combines a rich heritage of making great food with a sharpened focus on innovation. Reviews from Conagra Brands employees about Conagra Brands culture, salaries, benefits, work-life balance, management, job security, and more. 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. It operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. 72 talking about this. People are returning to their kitchens during the pandemic and new younger consumers are discovering the joy of cooking. The sales increase was attributed to sales growth in both Canada and Mexico. 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. The company's portfolio is evolving to satisfy people's changing food preferences. “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. Conagra Brands (CAG) - Get Report, parent of iconic food brands like Hunt's and Vlasic, reported fiscal-second-quarter earnings per share rose 45% ⦠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. 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. The company was founded in 1919 by Frank Little and Alva Kinney in Nebraska as a grain mills company. Conagra Brands is a U.S. company, headquartered in Chicago, Ill. 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. Their estimate for per-share earnings was capped at 54.64 pence per share. Sign-up for the Invezz newsletter, today. Write Us Conagra Brands 222 W. Merchandise Mart Plaza Suite 1300 Chicago, IL 60654 98 Conagra Brands reviews in Chicago, IL. Conagraâs portfolio of iconic and emerging food brands continues to evolve to offer contemporary choices for every occasion. 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. The health of our planet and the availability of natural resources are deeply linked to every part of our business. International unit sales rose 7% during the quarter to $250 million. Sales of the companyâs frozen, snack and center-store brands continued to ⦠Are you looking for fast-news, hot-tips and market analysis? 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. 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. Conagra Brands, Inc. is an American packaged foods company headquartered in Chicago, Illinois. Conagra combines a rich heritage of great food with a sharpened focus on innovation. Conagra Brands performed only slightly upbeat in the stock market last year with an annual gain of more than 6%. 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. Sales for Conagra’s Grocery & Snacks business unit rose 13% during the quarter to $1.3 billion. This official Facebook page of Conagra Brands. Conagra Brands, Inc. (NYSE: CAG), headquartered in Chicago, is one of North America's leading branded food companies. “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. 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¢. Ziesmer showed how to make a Dark Chocolate Sea ⦠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. Do we have confirmation of Apple’s car ambitions thanks to Hyundai? Conagra estimates an up to 8% growth in the third-quarter organic net sales. A free inside look at company reviews and salaries posted anonymously by employees. Conagra Brands is an Affirmative Action and Equal Opportunity Employer. Chef Rebekah Ziesmer with Conagra Brands joined ABC 7 Chicago Thursday to show off some recipes. Items affecting performance included lower restaurant traffic and the impact of some divested businesses. In separate news from the United States, Bed Bath & Beyond also published its quarterly financial results on Thursday. Contact Us about Product Feedback, New Business and More | Conagra Brands Skip to main content Guided by an entrepreneurial spirit, Conagra Brands combines a rich heritage of making great food with a sharpened focus on innovation. Conagra Brands was flat in premarket trading on Thursday but slid roughly 3% on market open. Net income for the quarter rose 45% to $379 million. Conagra Brands Salaries trends. 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. According to FactSet, experts had forecast the company to post a slightly lower £2.21 billion of sales in the second quarter. By using Invezz, you accept our, Conagra Brandsâ net income jumps to £280 million in the second quarter. “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.”. 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. “Total Conagra household penetration grew 14 basis points versus a year ago, and our category share increased 26 basis points.”. Brand Manager Conagra Brands Chicago, IL 2 weeks ago 59 applicants. 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. Tailwinds benefiting the business included supply chain productivity and cost synergies associated with the acquisition of Pinnacle Foods in 2019. Conagra Brands’ net income jumps to £280 million in the fiscal second quarter. About Conagra Brands 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. We use cookies to provide you with a better experience. Conagra Brands Chicago, IL. Conagra estimates a 6% to 8% annualised growth in the third-quarter organic net sales. Guided by an entrepreneurial spirit, Conagra Brands combines a rich heritage of making great food with a sharpened focus on innovation. Conagra Brands net income for the first six months of fiscal 2021 rose 63% to $708 million. “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. Conagra Brands named Manny Chirico to its board of directors in December. The company's portfolio is evolving to satisfy people's changing food preferences. “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. Refrigerated & Frozen segment sales rose 7% to $1.2 billion during the quarter. 14 Conagra Brands jobs available in Chicago, IL on Indeed.com. Conagra Brands performed only slightly upbeat in the stock market last year with an annual gain of more than 6%. 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 ⦠CHICAGO – Conagra Brands, Inc. continues to benefit from consumers shopping at retail and eating at home. Conagra makes and sells products under various brand names that are available in supermarkets, restaurants, and food service establishments. In terms of sales, Conagra recorded £2.22 billion in the recent quarter versus the year-ago figure of a lower £2.08 billion. “Our basket of the total staples category grew retail sales by 12.7% in the second quarter. Conagra Brands, Inc. (NYSE: CAG), headquartered in Chicago, is one of North America's leading branded food companies. Find company, investor and career information and learn more about our brands. Total frozen retail sales grew 8% during the quarter and were propelled by Conagra’s Birds Eye frozen vegetables business. Guided by an entrepreneurial spirit, Conagra Brands combines a rich heritage of making great food with a sharpened focus on innovation. Certain terms used in this release, including 'Organic net sales,' 'EBITDA,' and certain 'adjusted' results, are defined under the section entitled 'Definitions.' 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 ⦠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. Segment operating profit increased 20% to $316 million. Apply to Financial Analyst, Senior Brand Manager, Senior IT Auditor and more! 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