Conagra Brands

Conagra Brands readies for consumer spending cutbacks as behavior changes

14-Jul-2023 By Lauren Nardella

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' focus on margin expansion, innovation and brand building pays off

06-Apr-2023 By Deniz Ataman

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...

Conagra Brands overcomes stubborn inflation price lag to drive high margin, profit growth

05-Jan-2023 By Elizabeth Crawford

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...

Conagra Brands (Gardein) talks alt meat: ‘There's no way the space supports 20 manufacturers making plant-based burger patties’

06-Sep-2022 By Elaine Watson

“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...

Conagra Brands hikes prices as inflation rises: ‘There is nothing normal about the current environment’

08-Apr-2022 By Elizabeth Crawford

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 raises prices, tightens margins as omicron continues to fuel inflation, supply chain & labor constraints

07-Jan-2022 By Elizabeth Crawford

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...

'We are encouraged by the growth that is coming from meat eaters...’ Conagra Brands (Gardein) talks plant-based meat

06-Sep-2021 By Elaine Watson

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...

Popularity of frozen food rises as brands improve ingredient decks, consumers seek convenience, long-shelf life

26-Feb-2021 By Elizabeth Crawford

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 posts strong Q1 2021 results: ‘Our business is healthy, our products are relevant, and our capabilities are strong’

01-Oct-2020 By Mary Ellen Shoup

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...

NEWS IN BRIEF

Albertsons reports 21.4% total sales growth and 276% surge in e-commerce sales in Q1 2020

27-Jul-2020 By Mary Ellen Shoup

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.

Conagra Brands posts 90% surge in e-commerce sales in Q4

30-Jun-2020 By Mary Ellen Shoup

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.

'Long forgotten' legacy brands are 'growing strongly again,' says Conagra Brands... but will it last past the lockdown?

02-Apr-2020 By Elaine Watson

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,...

Conagra Brands sharpens focus on snacks market with new innovation center

05-Sep-2019 By Mary Ellen Shoup

Conagra Brands announced it will build a new 40,000-square-foot innovation center in Chicago to propel the company's snacking innovation business.

Conagra Brands talks plant-based meat: 'In 7-10 years we’re talking about a $30bn opportunity in the US'

13-Aug-2019 By Elaine Watson

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...