Last $35.10 USD
Change Today +0.12 / 0.34%
Volume 1.6M
CAG On Other Exchanges
Symbol
Exchange
Stuttgart
As of 6:40 PM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

conagra foods inc (CAG) Key Developments

ConAgra Foods Inc. Revises Earnings Guidance for the Year 2015

ConAgra Foods Inc. revised earnings guidance for the year 2015. For the year, the company's earnings per share between $2.13 and $2.18, comparable EPS is expected to be lower than previously planned. Because the strong dollar has hurt profits. Operating cash flow is expected to approximate $1.6 billion.

ConAgra Foods, Inc. Appoints Sean Connolly as President and Chief Executive Officer, Effective as of the later of April 6, 2015

On February 12, 2015, the ConAgra Foods, Inc. announced that the board of directors of the company has appointed Sean Connolly, to become the company’s President and Chief Executive Officer, effective as of the later of April 6, 2015 and the date immediately following the date upon which the company’s quarterly report on Form 10-Q for the period ended February 22, 2015 is filed with the SEC. Prior to joining the company, from June 2012 to August 2014, Mr. Connolly was President and Chief Executive Officer of The Hillshire Brands company. Mr. Connolly ceased serving as Hillshire’s President and Chief Executive Officer in connection with Hillshire’s merger with a subsidiary of Tyson Foods, Inc. From January 2012 to June 2012, Mr. Connolly was Executive Vice President of Sara Lee Corporation (the former name of Hillshire) and Chief Executive Officer, Sara Lee North American Retail and Foodservice. Also with Campbell, Mr. Connolly served as President, Campbell USA from 2008 to 2010, and President, North American Foodservice from 2007 to 2008. Before joining Campbell in 2002, Mr. Connolly served in various marketing and brand management roles at Procter & Gamble for a decade. In August 2014, Gary M. Rodkin, President and Chief Executive Officer of the Company, had informed the company of his intention to retire as President and Chief Executive Officer at the end of the company's fiscal year or following the on-boarding of his successor.

ConAgra Plans to Finish Closing its Carriage House Plant in Fredonia

ConAgra plans to finish closing its Carriage House Companies plant in Fredonia on May 24, the company told the state Labor Department in a filing. ConAgra last March announced its plans to close the Fredonia plant.

ConAgra Foods to Close Minnesota Cracker Factory

RyKrisp's owner, ConAgra Foods, has notified employees that in March, it will stop producing the hard cracker at the one and only production plant, which is in Southeast Minneapolis. ConAgra said that the company decided to stop making RyKrisp crackers because of low demand. RyKrisp employees could apply for other positions within ConAgra. Most of the plant's workers have worked at RyKrisp for more than 30 years. Some will retire; some hope to land jobs at ConAgra's other plants in the Twin Cities. All will receive a severance package when the plant closes.

ConAgra Foods, Inc.(NYSE:CAG) added to S&P 500 Growth Index

ConAgra Foods, Inc.(NYSE:CAG) added to S&P 500 Growth Index

 

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Company Last Change
General Mills Inc $53.50 USD -0.29
Hormel Foods Corp $58.51 USD 0.00
Kellogg Co $64.29 USD -0.19
Kraft Foods Group Inc $63.80 USD -0.26
Hershey Co/The $102.66 USD -1.12
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Industry Analysis

CAG

Industry Average

Valuation CAG Industry Range
Price/Earnings 100.0x
Price/Sales 0.8x
Price/Book 2.7x
Price/Cash Flow 37.5x
TEV/Sales 0.4x
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