Conagra Brands to be a diverse portfolio of brands; Lamb Weston to be a foodservice supplier of frozen potatoes
November 18, 2015
Immediately following the transaction, which is expected to be completed in the fall of 2016, ConAgra Foods shareholders will own shares of both independent companies. The transaction is expected to be structured as a spin-off of the Lamb Weston business, tax-free to the Company and its shareholders.
Reductions in SG&A and improved trade efficiency expected to be achieved in three years
October 2, 2015
ConAgra Foods, Inc. announced restructuring plans to improve profitability, advance its growth agenda and unlock shareholder value. ConAgra Foods expects to realize at least $300 million of efficiency benefits within the next three years through a combination of reductions in SG&A and enhancements to trade spend processes and tools.
EPS grows as planned; new strategic direction; exiting private label
July 1, 2015
The company’s new plans for creating long-term value center on a more aggressive approach to cost reduction, growing consumer brands (Consumer Foods segment) and Lamb Weston (within the Commercial Foods segment), as well as balanced capital allocation. Details to be shared at an investor event later this year.
Connolly will assume role from Gary Rodkin in April
February 13, 2015
ConAgra Foods, Inc. (NYSE: CAG) is announcing today Sean M. Connolly as its new chief executive officer. Connolly will replace Gary M. Rodkin, current CEO of ConAgra Foods, effective April 6.
ConAgra Foods reveals Phil Lempert's annual food and shopping forecast
November 12, 2014
The growth of online grocery shopping and a preference toward craft foods, fermented foods (think aged, cured or pickled foods like sauerkraut) and smoked flavors rank among the top food trends for 2015, according to Supermarket Guru®, Phil Lempert.
Single-serve tortas feature rich cheeses, premium meats, and slow-cooked sauces
September 16, 2014
Sold nationwide for $2.99 each, Bertolli Italian-Style Tortas are ideal for a hearty meal or, when combined with a salad, part of a great meal to share.