Companies displayed may pay us to be Authorized or when you click a link, call a number or fill a form on our site. Anyone who has purchased these recalled products should throw them out or return them to where they were purchased. ConAgra to expand Waterloo facility May. The issues masked what otherwise was a positive quarter for the company. About 100 people working at Pinnacle Foods, Inc. in Boulder are being laid off by the parent company Conagra Brands, Inc., which acquired Pinnacle for more than $10 billion last year. Washington, D.C., July 25, 2007 - The Securities and Exchange Commission yesterday filed civil charges against ConAgra Foods, Inc., alleging that it engaged in improper, and in certain instances fraudulent, accounting practices during its fiscal years 1999 through 2001, including the misuse of corporate reserves to manipulate reported earnings in For further inquires, customers can contact the Conagra brand website. Anyone concerned about an injury or illness should contact a healthcare provider. This tends to be most acute in the immediate aftermath of new pricing and wanes over time as consumers adjust.. The Chicago Birdies are chirping again and sounds like the consultants are back in the building. 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. ConAgra Foods said Friday it had "no news to share" on a possible sale of part or all of the Omaha-based business, after merger speculation sparked a heavy volume of More: Bed Bath & Beyond closes another 87 stores in 30 states. Turn on desktop notifications for breaking stories about interest? Conagra Brands of Fort Madison, Iowa, is recalling approximately 2,581,816 pounds of canned meat and poultry products. If you are an employee of ConAgra and are struggling with the unemployment office, please call my. If somebody could explain to me what is the management's current strategy, I'd be really grateful. ConAgra Foods, Inc. announced today the completion of the sale of its private label operations to TreeHouse Foods for proceeds of $2.7 billion in cash, excluding. There seems to be no end. We are sorry for the inconvenience. readmore, Can anyone provide the correct contact phone number to speak with Conagra Brands Inc. Pension Plan? 02.22.2023. 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. Well start sending you the news you need delivered straight to you. Get the latest Conagra Brands, Inc. (CAG) stock news and headlines to help you in your trading and investing decisions. Happy New Year to all Ex-Cons (and soon to be Ex-Cons). A spokeswoman said ConAgra wont present at the Consumer Analyst Group of New York event because of its chief executive officers coming retirement. ConAgra has stood by its Ralcorp deal, but board chairman Steven Goldstone told investors in September in Omaha that the board is open to opportunities. https://www.nj.com//business/2018/12/500-nj-workers-face-layoffs-as-maker-of-healthy-choice-hunts-closes-2-facilities.html. Colgate-Palmolive recalls close to 5 million containers of Fabuloso multi-purpose cleaners, Global Pharma Healthcare recalls eye drops after injuries and one death, Two Rivers Coffee recalls peanut butter hot chocolate, Overspending on homes and cars lands many people in financial hot water. The business publication. Quarterly sales rose to $2.9 billion from $2.7 billion the year prior. Our annual summaries provide an overview of each year's recalls by class, reason and product. Lamentamos ConAgra Foods said Friday it had no news to share on a possible sale of part or all of the Omaha-based business, after merger speculation sparked a heavy volume of options trading Thursday. WASHINGTON, July 15, 2016 ConAgra Foods, a Russellville, Ark. We value your privacy. As always, we will continue to monitor inflation levels and price as needed to manage future volatility.. While production is now back up and running properly, the lost inventory effect will linger into Q2, impacting volumes and margins, Connolly said. Hint: it is the people who remarkably sold massive 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. Conagra Brand says 2.58 million pounds of canned meat and poultry have been recalled due to a packing error. As part of the changes the company recorded a $386 million goodwill and brand impairment charge with $244 million associated with its Birds Eye business. readmore, The Houston Municipal Employees Pension System has filed a securities class action lawsuit against Conagra Brands, claiming the food processing company knowingly misled investors about the benefits of its $10.9 billion Pinnacle Foods acquisition establishment, is recalling approximately 195,597 pounds of frozen chicken and beef entre products that may be contaminated with extraneous materials, specifically metal, the U.S. Department of Agricultures Food Safety and Inspection Service (FSIS) announced today. 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. The packaging defect was discovered when Conagra Brands "notified FSIS after observing spoiled and/or leaking cans from multiple production dates at the establishments warehouse," FSIS said. The problem was discovered when a Congra location in Iowa notified FSIS after someone saw spoiled and leaking cans with multiple production dates in a warehouse, the agency said. Another week, another Netflix scam? The meat and poultry products of concern are those produced between Dec. 12, 2022, and Jan. 13, 2023. Post Holdings recently met with ConAgra to discuss a potential merger with ConAgra's Lamb Weston frozen potato business, people familiar with the matter told The Wall Street Journal. This pulled sales and gross margin below where they should have been.. The meat and poultry products being recalled were produced between Dec. 13 and Jan. 13, FSIS said, and were shipped to retail locations nationwide. Anyone else gone through Hell dealing with the ConAgra Retiree Service Center? The packaged foods manufacturer canceled a planned February presentation at a key industry conference for investors, fueling rumors of a possible deal. A complete list of the recalled products, bearing establishment number P4247 and produced between December 12, 2022, and January 13, 2023, may be found here. excuses voor het ongemak. There were years in the early 2000s when the only reason the company was profitable was because of the commodity trading unit which is now "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," FSIS said in a statement. Disculpa . Senior Director of Communications, ConAgra Brands. MANY companies are down 50% in the past 3-6 months and some are big names. 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. See the list of locations closing. The recalled products are stamped with the number P4247 on the bottom of the can, per the FSIS statement. Shares of Conagra Brands (CAG-1.00%) have collapsed in dramatic fashion as 2018 draws to a close. Co-packers or is the Brand on the selling block? Options on ConAgra Foods Inc shares were in heavy demand on Thursday after the company canceled a presentation at an investor conference in February, sparking rumors of a possible deal for the . But management is expecting continued supply chain inefficiencies and incremental volume weakness as prices are raised. om ons te informeren over dit probleem. Conagra Brands Reports Third Quarter Results Learn More Recognized as one of America's Greatest Workplaces for Diversity 2023 Award underscores our focus and commitment to advancing D&I Learn More Sharing our 2022 Citizenship Report Supporting our people, the planet and our communities View Report 'Do Not Drive': Honda and NHTSA tell owners to park these old cars until airbags are fixed. And there is no reason to believe it will rebound. Since food is a basic requirement, ConAgra's products are in demand even when the economy goes south. The previous Conagra Brands Inc (CAG) dividend was 33c and was paid 2 months ago. Unsubscribe easily. FSIS is concerned that some product may be on retail shelves or in consumers pantries. Conagra combines a rich heritage of great food with a sharpened focus on innovation. Down to the wire on taxes? Conagra Brands Inc., of Fort Madison, IA, is recalling more than 2.5 million pounds of canned meat and poultry products because of a packaging defect that may cause the products to become . Including Pinnacle's debt, the deal is worth $10.9 billion. Sylvester, Newport and now dson. Thank you, you have successfully subscribed to our newsletter! Conagra Brands, Inc. All Rights Reserved. enva un correo electrnico a readmore. This is a situation where the use of the product will not cause adverse health consequences. Conagra Brands is recalling 2.58 million pounds of canned meat and poultry products due to a packaging defect that caused the food to get contaminated, the U.S. Department of Agriculture's Food Safety Team announced in a statement on Tuesday. A Washington, D.C., reporter for more than 30 years, Jim Limbach covers the federal agencies for ConsumerAffairs. Conagra Brands plans to continue raising prices in the second and third quarters. By entering your email, you agree to sign up for consumer news, tips and giveaways from ConsumerAffairs. remains silent over Pinnacle Foods rumors; Conagra Brands strikes $285m deal to sell Wesson oil brand to J.M . That explanation seemed to quell rumors, said Fred Ruffy, options strategist at WhatsTrading.com, who said Friday options were back to a low volume. 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. Customers who purchased the recalled products should not consume them, but discard or returned to the place of purchase. Conagra makes and sells products under various brand names that are available in supermarkets, restaurants, and food service establishments. Most of the brands were 2nd in their category or also-rans. Please subscribe to keep reading. despite being a portmanteau of the words consolidated and agriculture (so hot!). Like Sean hasn't lied straight face to us multiple times in the past. 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. 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. Summary of Recall Cases in Calendar Year 2012, Summary of Recall Cases in Calendar Year 2013, Summary of Recall Cases in Calendar Year 2014, Summary of Recall Cases in Calendar Year 2015, Summary of Recall Cases in Calendar Year 2016, Summary of Recall Cases in Calendar Year 2017, Summary of Recall Cases in Calendar Year 2018, Summary of Recall Cases in Calendar Year 2019, Summary of Recall Cases in Calendar Year 2020, Summary of Recall Cases in Calendar Year 2021, Summary of Recall and PHA Cases in Calendar Year 2022, Asar a la parrilla y seguridad alimentaria, Cleanliness Helps Prevent Foodborne Illness, How to Find the USDA Establishment Number, Importing Meat, Poultry & Egg Products US, Natural Flavors on Meat and Poultry Labels. P4247 on the selling block annual summaries provide an overview of each year 's recalls by class reason... Of canned meat and poultry products s debt, the deal is worth $ 10.9 billion in the second third! 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