Conagra successfully boosted “meaningful” volume sales of key snacks and frozen foods in the past year despite “a challenging consumer environment,” in which shoppers gave a cold shoulder to some competitors, including PepsiCo, thanks in part to strategic...
Conagra Brands no longer expects a modest increase in organic net sales in fiscal year 2024 – rather it is bracing for a 1-2% decline over last year along with tighter margins and a lower earnings per share due to a “slower pace of volume recovery” than...
Slim Jim and Act II microwave popcorn maker Conagra Brands saw sales and volume slide in its first quarter as consumers pushed back against recent price hikes across the board that are forcing them to reprioritize their purchases to fit within tighter...
Conagra Brands is well positioned for 2024 as inflation eases, but will need to contend with shifting consumer behavior as shoppers begin to purchase fewer food items, CEO and President Sean Connolly said July 13 during the firm’s fourth quarter and fiscal...
Conagra Brands solid growth and margin recovery in its third quarter reflects its strategic success of “moving past discrete supply chain disruptions and prioritizing productivity and value over volume,” CEO Sean Connelly said during the company's...
After years of struggling to offset unprecedented inflation with price hikes that often were too little too late, Conagra Brands has finally reached a “significant inflection point” in which net sales per unit are once again higher than the cost of goods...
“12-18 months ago, refrigerated plant-based meat was growing at three times frozen and we were thinking should we try and jump into that?” recalls Bob Nolan, SVP demand science at Conagra Brands, which acquired alt meat brand Gardein in 2018 via the acquisition...
In the face of ‘unprecedented’ inflation and transportation troubles, Slim Jim and Birds Eye maker Conagra Brands is raising prices – again – but executives are confident that sales, market share and household penetration will remain strong thanks to...
Conagra Brands will raise prices across its portfolio and leverage other cost savings measures to offset higher than expected inflation, which squeezed its margins in the second quarter and which CEO Sean Connolly does not expect will ease any time soon...
The Gardein plant-based meat brand notched up retail sales of $170m in measured channels* in the year to July 25, up 33.5% versus two years ago, says brand owner Conagra Brands, which says it's particularly encouraged by the 'growth that is...
After languishing for years, frozen food is emerging as a powerful growth driver for retailers and CPG brands in part because its long shelf life and convenience fit well with pandemic living, but also because companies like ConAgra have proactively reimagined...
Conagra Brands posted stronger-than-expected Q1 2021 (13 weeks ended Aug. 30) results, which saw organic net sales increase 15% with significant growth coming from its grocery & snacks (+16%), refrigerated & frozen (+17.9%), and international...
Retailer Albertsons, owner of Safeway and Jewel-Osco, reported a 21.4% increase in sales to $22.8bn for the 16 weeks ended June 20, 2020 compared to $18.7bn for the same period last year.
E-commerce sales at Conagra Brands surged by 89.7% in the year ending May 31 compared to same time last year, as more consumers opted for the convenience (and perceived safety) of click-and-collect and at-home grocery delivery services.
It's too early to say if Big Food’s recent resurgence will last longer than the lockdown, but some legacy brands could benefit from work they’ve put in recently to upgrade/reformulate their wares as new consumers discover them for the first time,...
Gardein has quadrupled in size over the past four years and is now the second largest brand in the meat-alternative space behind Morningstar with annual retail and foodservice sales topping $170m. And there is still a significant opportunity to grow in...
