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Conagra Brands, Inc. (CAG) Q4 2021 Earnings Call Transcript

Operator Good day, and welcome to the Conagra Brands fourth-quarter fiscal-year 2021 earnings conference call. [Operator instructions] Please note, this event is being recorded. I would now like to turn the conference over to Brian Kearney. Please go ahead. Brian Kearney -- Vice President of Investor Relations Good morning, everyone. Thanks for joining us. Ill remind you that we will be making some forward-looking statements today. While we are making those statements in good faith, we do not ...
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Source: fool.com

EUIPO approves blockchain platform; NFT trademark mystery; SHOP SAFE Act hearing set – news digest

Every Tuesday and Friday, WTR presents a round-up of news, developments and insights from across the trademark sphere. In our latest round-up, we look at how the pandemic is changing consumer habits, Treasury Wine inking a licensing deal for its US brands, Iran joining the Madrid e-filing community, and much more. Coverage this time from Trevor Little (TL), Bridget Diakun (BD), and Tim Lince (TJL). Market radar: Pandemic sees changing consumer habits – An article on Glossy has dived into va...
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Conagra Mulls Sale of Hebrew National and Other Food Industry News

Reports broke this week that packaged foods manufacturer Conagra Brands is considering a sale of its Hebrew National hot dog business. The business may sell for about $700 million, and the transaction could also include Conagra’s Egg Beaters and Odom’s Tennessee Pride brands, The Wall Street Journal reported. Conagra is entering the talks as it is actively working to focus its efforts on frozen foods and snacks, Bloomberg said in its coverage of the potential deal. IRI data gathered b...
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Conagra in Talks to Sell Hebrew National to JBS -- Update

Hebrew National may soon answer to a different authority. Conagra Brands Inc. is in talks to sell the famous hot dog brand to Brazils JBS SA, people familiar with the matter said. A deal, which the people said could also include the Egg Beaters and Odoms Tennessee Pride brands, could be valued at around $700 million. Any agreement is likely weeks away and Conagra could end up keeping the business or selling it to someone else, the people cautioned. Conagra in April 2019 s...
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Conagra in talks to sell hot dog brand Hebrew National to JBS: WSJ

A deal, which could also include the liquid egg white brand Egg Beaters and sausage product brand Odom's Tennessee Pride, could be valued at around $700 million, the people said. Any agreement, however, is likely weeks away and Conagra could end up keeping the business or selling it to someone else, the people told the financial newspaper. Food companies are looking to reshape their portfolios as a pandemic-driven surge in at-home eating gives a boost to companies' balance sheets and...
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Source: yahoo.com

Conagra may sell Hebrew National, other brands to JBS for $700M, WSJ reports

Dive Brief: Conagra Brands is in talks to sell its Hebrew National hotdog brand to beef processor JBS as part of a deal worth around $700 million, The Wall Street Journal reported. The business publication said any transaction could also include other brands like Egg Beaters and Odoms Tennessee Pride. The paper said the talks are ongoing, and any agreement is likely weeks away. Conagra could end up keeping the business or choose to sell it to another company.  The divestiture by Conagra would...
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Hot dog! Hebrew National may be sold by Conagra Brands

+3.87% For JBS, the biggest beef processor in the U.S., buying the business would expand its reach into grocery store meat cases at a time when consumers have shifted their food-buying preferences toward supermarkets and away from sit-down restaurants. JBS has a market value of over $12 billion and derives most of its revenue from the U.S., where its businesses include the Swift beef and pork-processing company and Pilgrims Pride, the nations second-largest chicken supplier. Should JBS clinch t...
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