Latest news with #ConagraBrands
Yahoo
11 hours ago
- Business
- Yahoo
What to Expect From Conagra Brands' Next Quarterly Earnings Report
Conagra Brands, Inc. (CAG), headquartered in Chicago, Illinois, operates as a consumer-packaged goods food company. Valued at $9.8 billion by market cap, the company offers meals, entrees, condiments, sides, snacks, specialty potatoes, milled grain ingredients, dehydrated vegetables and seasonings, and blends and flavors. The packaged food company is expected to announce its fiscal fourth-quarter earnings for 2025 before the market opens on Thursday, Jul. 10. Ahead of the event, analysts expect CAG to report a profit of $0.60 per share on a diluted basis, down 1.6% from $0.61 per share in the year-ago quarter. The company beat the consensus estimates in two of the last four quarters while missing the forecast on two other occasions. Dear Nvidia Stock Fans, Watch This Event Today Closely Can Broadcom Stock Hit $400 in 2025? A $2 Billion Reason to Sell Super Micro Computer Stock Now Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! For the full year, analysts expect CAG to report EPS of $2.33, down 12.7% from $2.67 in fiscal 2024. Its EPS is expected to fall 3.9% year over year to $2.24 in fiscal 2026. CAG stock has considerably underperformed the S&P 500 Index's ($SPX) 12.1% gains over the past 52 weeks, with shares down 28% during this period. Similarly, it underperformed the Consumer Staples Select Sector SPDR Fund's (XLP) 3.8% gains over the same time frame. Conagra's underperformance is attributed to lower sales and weaker performance across all segments. Management blames supply constraints limiting shipments to retailers rather than a slowdown in consumer demand. Consumption lagged shipments, and volume is still under pressure due to ongoing supply chain challenges. Furthermore, consumers are turning to private-label brands to offset inflation impact. On Apr. 3, CAG shares closed up by 1.5% after reporting its Q3 results. Its revenue was $2.8 billion, missing analyst estimates of $2.9 billion. The company's adjusted EPS of $0.51 fell short of analyst expectations of $0.53. Analysts' consensus opinion on CAG stock is cautious, with a 'Hold' rating overall. Out of 17 analysts covering the stock, two advise a 'Strong Buy' rating, 13 give a 'Hold,' one recommends a 'Moderate Sell,' and one suggests a 'Strong Sell.' CAG's average analyst price target is $24.41, indicating a potential upside of 19.1% from the current levels. On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Al Arabiya
a day ago
- Business
- Al Arabiya
J.M. Smucker plans to remove artificial colors from its jams and other products by the end of 2027
J.M. Smucker Co. plans to remove artificial colors from its products by the end of 2027. Orrville, Ohio–based Smucker said Thursday it will also remove synthetic dyes from foods sold to K–12 schools by the 2026–2027 school year. Smucker said the majority of its products – including its Uncrustables sandwiches – are already free of synthetic dyes. But some products still have them, including sugar-free jams and ice cream toppings. Smucker said some products from Hostess, which it acquired in 2023, also contain artificial colors. Twinkies are made with Red 40 and Yellow 5, for example, while Sno Balls snack cakes are made with Red 40 Lake, a dye combined with aluminum to keep it from dissolving in water. Smucker joins a growing number of big food companies that have announced plans to eliminate artificial dyes. Earlier this week, Nestle and Conagra Brands – the parent company of Duncan Hines – both said they would phase out synthetic dyes. Kraft Heinz and General Mills made similar pledges last week. The federal government has stepped up its scrutiny of artificial colors in recent months. In January, days before President Donald Trump took office, the US regulators banned the dye called Red 3 from the nation's food supply nearly 35 years after it was barred from cosmetics because of potential cancer risk. In April, Trump's Health Secretary Robert F. Kennedy Jr. and FDA Commissioner Marty Makary said the agency would take steps to eliminate synthetic dyes by the end of 2026, largely by relying on voluntary efforts from the food industry.
The Independent
a day ago
- Business
- The Independent
J.M. Smucker plans to remove artificial colors from its jams and other products by the end of 2027
J.M. Smucker Co. plans to remove artificial colors from its products by the end of 2027. Orrville, Ohio-based Smucker said Thursday it will also remove synthetic dyes from foods sold to K-12 schools by the 2026-2027 school year. Smucker said the majority of its products – including its Uncrustables sandwiches – are already free of synthetic dyes. But some products still have them, including sugar-free jams and ice cream toppings. Smucker said some products from Hostess, which it acquired in 2023, also contain artificial colors. Twinkies are made with Red 40 and Yellow 5, for example, while Snoballs snack cakes are made with Red 40 Lake, a dye combined with aluminum to keep it from dissolving in water. Smucker joins a growing number of big food companies that have announced plans to eliminate artificial dyes. Earlier this week, Nestle and Conagra Brands — the parent company of Duncan Hines — both said they would phase out synthetic dyes. Kraft Heinz and General Mills made similar pledges last week. The federal government has stepped up its scrutiny of artificial colors in recent months. In January, days before President Donald Trump took office, the U.S. regulators banned the dye called Red 3 from the nation's food supply, nearly 35 years after it was barred from cosmetics because of potential cancer risk. In April, Trump's Health Secretary Robert F. Kennedy Jr. and FDA Commissioner Marty Makary said the agency would take steps to eliminate synthetic dyes by the end of 2026, largely by relying on voluntary efforts from the food industry.
Associated Press
a day ago
- Business
- Associated Press
J.M. Smucker plans to remove artificial colors from its jams and other products by the end of 2027
J.M. Smucker Co. plans to remove artificial colors from its products by the end of 2027. Orrville, Ohio-based Smucker said Thursday it will also remove synthetic dyes from foods sold to K-12 schools by the 2026-2027 school year. Smucker said the majority of its products – including its Uncrustables sandwiches – are already free of synthetic dyes. But some products still have them, including sugar-free jams and ice cream toppings. Smucker said some products from Hostess, which it acquired in 2023, also contain artificial colors. Twinkies are made with Red 40 and Yellow 5, for example, while Snoballs snack cakes are made with Red 40 Lake, a dye combined with aluminum to keep it from dissolving in water. Smucker joins a growing number of big food companies that have announced plans to eliminate artificial dyes. Earlier this week, Nestle and Conagra Brands — the parent company of Duncan Hines — both said they would phase out synthetic dyes. Kraft Heinz and General Mills made similar pledges last week. The federal government has stepped up its scrutiny of artificial colors in recent months. In January, days before President Donald Trump took office, the U.S. regulators banned the dye called Red 3 from the nation's food supply, nearly 35 years after it was barred from cosmetics because of potential cancer risk. In April, Trump's Health Secretary Robert F. Kennedy Jr. and FDA Commissioner Marty Makary said the agency would take steps to eliminate synthetic dyes by the end of 2026, largely by relying on voluntary efforts from the food industry.
Daily Mail
a day ago
- Health
- Daily Mail
Iconic US snack set for major update to taste and look after pressure from RFK Jr
Slim Jims — the iconic spicy, dried meat stick— are set for a major recipe overhaul. The company that makes them said it is removing all artificial dyes from its products by 2027 amid pressure from health secretary Robert F Kennedy Jr. Chicago-based Conagra Brands said Birds Eye frozen vegetables, Orville Redenbacher popcorn and Duncan Hines baking products will also be affected by the change. The coloring agents will likely be replaced with natural ingredients such turmeric or beet juice, which could change the look, change and texture of many iconic foods. The announcement follows similar plans from brands like Nestle, Kraft Heinz and General Mills, many of whom have said they also won't launch any new products with artificial dyes. Health officials have long called for the removal of dyes like Red 40 and Yellow 5 over concerns of hyperactivity and conditions like ADHD in children. Some studies have also linked them to cancer in animals and hormonal issues. Conagra said in its annoucement Wednesday it will remove all dyes from its frozen foods by the end of 2025 and stop selling products with artificial dyes in schools by the start of the 2026-2027 school year. By the end of 2027, it will fully discontinue use of synthetic dyes from all of its products. RFK Jr has outlined plans to strip eight petrolium-based dyes from the US food supply during his tenure as the head of the Department of Health and Human Services. Slim Jims don't specifically say on the packaging that they contain artificial dyes, though it's possible other additives like sodium nitrite could be removed. The push comes amid concerns in recent years over health effects of artificial dyes, including animal studies suggesting they can cause hyperactivity, cancer and other health problems. With a recipe change could also come differences in color, texture and taste, though it's unclear how subtle the shifts will be. Conagra said many of its products already use natural alternatives like turmeric and annatto, especially in items like pickles, frozen vegetables and popcorn. However, products like Duncan Hines frosting and Swiss Miss pudding still contain Red 40, Yellow 5 and Blue 1. Tom McCough, executive vice president and chief operating officer of Conagra Brands, said in a statement: 'Conagra Brands is known for innovating delicious, on-trend foods, and our transition away from FD&C colors is just one aspect of our broader strategy to modernize our portfolio to align with consumer preferences. 'Our leading portfolio of frozen brands, including Birds Eye, Healthy Choice, Marie Callender's and more, will be 100% free from FD&C colors by the end of 2025.' Health advocates have long called for the removal of artificial dyes from foods, citing studies indicating they can cause neurobehavioral problems, including hyperactivity and attention issues, in children. The FDA has maintained that the approved dyes are safe and that 'the totality of scientific evidence shows that most children have no adverse effects when consuming foods containing color additives.' The agency currently allows 36 food color additives, including eight synthetic dyes. However, it announced in January that Red 3 — used in candies, cakes and some medications — would be banned in food by 2027 because it caused cancer in laboratory rats. Several states, including California and West Virginia, have passed laws restricting the use of artificial colors in foods. FDA Commissioner Dr Marty Makary announced in April that the agency will phase out the use of eight artificial food dyes in America's food supply within the next two years. The massive shakeup will free children from the 'toxic soup' that makes up much of America's food supply, Dr Makary said. It's unclear if Conagra will reformulate the affected products or discontinue them entirely. The company has also not announced plans to change the recipes globally.
