A spokeswoman said ConAgra wont present at the Consumer Analyst Group of New York event because of its chief executive officers coming retirement. Daniel Hare, spokesperson for Conagra, told CR that retailers have been informed of the recall and are removing the items from shelves. Get the latest Conagra Brands, Inc. (CAG) stock news and headlines to help you in your trading and investing decisions. Thank you, you have successfully subscribed to our newsletter! It has been about a month since the last earnings report for Conagra Brands. Another words Sean really made a BIG mistake!!! Nous sommes dsols pour la gne occasionne. Scott+Scott Attorneys at Law LLP Investigating Conagra Brands, Inc.s Directors and Officers for Breach of Fiduciary Duties CAG Well looking. But that cannot eclipse the less-than-impressive returns over the last three years. Scott Messel, senior vice president, sold 15,000 shares for $534,000 and still holds 100,943. Worked from 1994-2015 Sales. Connolly added that there is clear progress in Conagras supply chain as well as in the supply chains of the companys peers, with service levels improving and productivity tracking well. per informarci del problema. All Rights Reserved, Conagra Brand recalls 2.58 million canned pounds of meat and poultry due to packing error, Do you have a sweet tooth? There have been no confirmed reports of adverse reactions due to consumption of these products. An early January spate of top executives exercising stock options in the wake of record-high share prices also could be contributing to volatility, insider trading experts said. Text. Conagra Brand says 2.58 million pounds of canned meat and poultry have been recalled due to a packing error. At the price almost 5 years later someone give him the keys to the lock. (2 minutes) American food companies had a strong 2022. Jan. 5, 2023 11:38 am ET. Messages relating to layoffs at ConAgra Foods Inc. are presented below the company info. A packaging defect may cause the products to become contaminated without showing any outward signs of contamination. ConAgra Foods, Inc., (NYSE: CAG), is one of North America's leading packaged food companies with recognized brands such as Marie Callender's , Healthy Choice, Slim Jim, Hebrew National, Orville Redenbacher's, Peter Pan, Reddi-wip, PAM, Snack Pack, Banquet, Chef Boyardee, Egg Beaters, Hunt's and many other ConAgra Foods brands found Subsequent investigation by the establishment determined that the cans subject to recall may have been damaged in a manner that is not readily apparent to consumers, which may allow foodborne pathogens to enter the cans. Members of the media with questions about the recall can contact Dan Hare, Senior Director of Communications, ConAgra Brands, at 312-549-5355 or daniel.hare@conagra.com. Previously, he was a reporter and news anchor for Associated Press Broadcast Services, where he covered business and consumer news as well as space shots and other major spot news events. In fact, the stock has lost close to 42% this year, wider than the industrys decline of 22%. Thomas McGough, president of consumer foods, exercised the option to buy 22,500 shares, then sold 16,679 shares for more than $600,000, and now holds 49,152. readmore, Does anyone else think it is hypocritical of Mindy Simon to tell a workforce panel that Omaha has to have a "vibe" and match the demographics of the community to keep talent? On October 11, ConAgra Foods, Inc. (NYSE: CAG; $46.98; Market Capitalization: $20.6 billion) announced that the separation of its frozen potato portfolio, Lamb Weston Holdings, Inc. (NYSE:. Shares of Conagra Brands, Inc. ( CAG ) continue to see considerable weakness in afternoon trading on Wednesday after coming under pressure early in the session. Get the latest local business news delivered FREE to your inbox weekly. readmore. WASHINGTON, Jan. 31, 2023 - Conagra Brands, Inc., a Fort Madison, Iowa establishment, is recalling approximately 2,581,816 pounds of canned meat and poultry products due to a packaging defect that may cause the products to become contaminated without showing any outward signs of contamination, the U.S. Department of Agriculture's Food Safety and Quarterly sales rose to $2.9 billion from $2.7 billion the year prior. Paul Maass, president of private brands and commercial foods, exercised the option to buy 392,000 shares at prices ranging from $19.05 to $26.15 each, and sold them for a total of more than $14 million and a profit of $4.6 million before taxes, according to InsiderInsights.com. By entering your email, you agree to sign up for consumer news, tips and giveaways from ConsumerAffairs. ARCHIVE: Supervisors Make All the Difference! This tends to be most acute in the immediate aftermath of new pricing and wanes over time as consumers adjust.. WASHINGTON, Jan. 31, 2023 Conagra Brands, Inc., a Fort Madison, Iowa establishment, is recalling approximately 2,581,816 pounds of canned meat and poultry products due to a packaging defect that may cause the products to become contaminated without showing any outward signs of contamination, the U.S. Department of Agricultures Food Safety and Inspection Service (FSIS) announced today. These candies are being recalled, Theres a recall for these Coca-Cola sodas and drinks, Ukraine will win war with Russia, former Ukrainian president says during visit to Utah, A slew of Burger Kings is set to close as franchisees run into fiscal trouble, Its time to take Utahs momfluencers seriously, New poll shows Mitt Romney has the approval of a majority of Utah voters, but could still be vulnerable in a Republican primary, Flooding reaches some Utah cities, but water managers welcome huge snowpack. Shares of the company rose as much as 3 percent to $36.65 after market chatter surfaced that the company would not be presenting at the Consumer Analyst Group of New York (CAGNY) Conference in Boca Raton, Florida, in February, analysts said. For the quarter ended Aug. 28, Conagra Brands recorded a loss of $78 million, down significantly from the year before when the company earned $235 million, equal to 49 per share on the common stock. ConAgra said Friday it couldnt discuss the executive search. Als u dit bericht blijft zien, stuur dan een e-mail The previous Conagra Brands Inc (CAG) dividend was 33c and was paid 2 months ago. The metal fragments range in size between 2 and 9 millimeters . In order to help us provide the best possible response to your inquiry, please choose from the options below and then click the Continue button. Conagra Brands, Inc. (formerly ConAgra Foods) is an American consumer packaged goods holding company headquartered in Chicago, Illinois. The meat and poultry products being recalled were produced between Dec. 13 and Jan. 13, FSIS said, and were shipped to retail locations nationwide. readmore, It is doubtless a positive to see that the Conagra Brands, Inc. (NYSE:CAG) share price has gained some 30% in the last three months. The increase was driven primarily by an increase in gross profit and the performance from the company's Ardent Mills joint venture. ConAgra is buying Pinnacle with a mix of cash and stock that values Pinnacle at a little more than $8 billion, or $68 a share. Unsubscribe easily. scusiamo se questo pu causarti degli inconvenienti. excuses voor het ongemak. Companies displayed may pay us to be Authorized or when you click a link, call a number or fill a form on our site. Conagras adjusted net income increased 14% to $275 million, or 57 per share, according to the company. 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Se continui a visualizzare The most common reason for food recalls in 2021 was undeclared allergen., Copyright 2023 Deseret News Publishing Company. The company confirmed that it will be hosting the reception at the conference but will not be presenting at the event because of an impending chief executive officer transition that is expected later this year. Right. So far, there have been no reported incidents caused by the recalled products, but the FSIS is concerned these products are already on grocery store shelves or in pantries. naar Do Not Sell or Share My Personal Information. The meat and poultry products were produced between December 12, 2022, and January 13, 2023. readmore, Conagra shares were down nearly 12% at $25.57 in late morning trading on the New York Stock Exchange after the Chicago-based company posted fiscal fourth-quarter adjusted net income of $175 million, or 36 cents a share, vs. $196 million, or 50 cents . Conagra Brands will invest $40 million to add a new production line to its Archbold plant. But management is expecting continued supply chain inefficiencies and incremental volume weakness as prices are raised. By Monica Watrous. saw at bakers. Nor the employees. For further inquires, customers can contact the Conagra brand website. Aiutaci a proteggere Glassdoor dimostrando che sei una persona reale. Conagra Brands is recalling over 2.5 million pounds of canned meat and poultry after a packaging defect that might cause contamination was found, the U.S. Department of Agricultures Food Safety and Inspection Service announced Tuesday. Find company, investor and career information and learn more about our brands. Consumer Contacts U.S. Consumer Care 1-877-CONAGRA Canadian Consumer Care 1-800-461-4556 Manage Preferences About Cookies On This Site Especially after she orchestrated the outsourcing and workforce reduction Bones with crust on outside. readmore, Can anyone provide the correct contact phone number to speak with Conagra Brands Inc. Pension Plan? They are not authored by Glassdoor. Shares of Conagra Brands (CAG-1.00%) have collapsed in dramatic fashion as 2018 draws to a close. Wenn The packaged foods manufacturer canceled a planned February presentation at a key industry conference for investors, fueling rumors of a possible deal. A ConAgra spokeswoman said company executives continue to hold a significant stake.. Lamentamos 500 people kicked to the door by Sean. Other executives who exercised options included Nicole Theophilus, executive vice president and chief human resources officer, who sold 36,000 shares for a total of $1.3 million, and still holds 44,480. The complaint alleges violations of federal We recently communicated some additional pricing that will be effective in Q3. Copyright 2022 Consumers Unified LLC. Conagra makes and sells products under various brand names that are available in supermarkets, restaurants, and food service establishments. As you would expect, pricing has driven some volume elasticities both for Conagra and the overall industry, Connolly said. And there is no reason to believe it will rebound. Si continas recibiendo este mensaje, infrmanos del problema Conagra Brands is recalling more than 2.58 million pounds of canned meat and poultry products due to a packaging defect that may cause the food to become contaminated, the U.S. Department of Agricultures Food Safety and Inspection Service said on Tuesday. Before sharing sensitive information, make sure youre on a federal government site. Analysts have been suggesting for several months that the company spin off part of its business, either unloading certain brands or product lines, or getting out of the private brands business, which its had difficulty integrating since the 2013 purchase of Ralcorp Holdings. The company was formed by consolidating four flour mills into Nebraska Consolidated Mills (NCM) in. NEWPORT For more than 120 years, the Conagra food processing factory in Newport had been in steady operation, servicing the nation's food supply, empowering the local economy and providing a stable source of income for generations throughout eastern Tennessee. Wanna bet there us a Omaha headcount reduction just around the corner for the Snack R&D folks? https://finance.yahoo.com/news/scott-scott-attorneys-law-llp-144700401.html. Armour Chicken Vienna Sausage, 27.6 Ounce is one of the Conagra Brands items that have been recalled. FSIS routinely conducts recall effectiveness checks to verify recalling firms notify their customers of the recall and that steps are taken to make certain that the product is no longer available to consumers. ConAgra Foods is a Food Processing, Manufacturing, and Manufacturing, RQI company located in Chicago, Illinois with $11.64 Billion in revenue and 6,749 employees. Also contributing to speculation was a Wall Street Journal report last week that 3G Capital Partners the Brazilian investment firm that with Berkshire Hathaway bought Heinz in 2013 has raised $5 billion and is considering buying another food or beverage company. News that the company canceled its presentation stirred up deal speculation and fueled the trading in ConAgra options, said Fred Ruffy, options strategist at WhatsTrading.com. A Conagra spokeswoman said Conagra wont present at the consumer Analyst Group of New event. 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