After a challenging previous financial year, ConAgra Foods yesterday (18 September) reported on the first three months of its new fiscal per...
After a tough year, which included three profit warnings, ConAgra Foods and its management team face a very important 12 months. The US grou...
After two profit warnings in five months, ConAgra Foods boss Gary Rodkin was correct to use the CAGNY conference this week to front up about the problems at the US food group - and to try to demonstrate the company can rectify them. Some of these challenges are likely to only be short term. However, ConAgra may face more work with its consumer foods and integration of Ralcorp.
Read the financial statements and listen to the conference calls from US food manufacturers in recent days and it is clear: companies operating there are still facing tough conditions and cautious consumers.
US food groups General Mills and ConAgra Foods report their annual results next week. Meanwhile, US peer Hormel Foods holds its annual investor day.
Del Monte Foods is said to be looking to offload its canned food business. Such a deal may not come as a surprise to industry observers given the increasing competition it faces in North America and its focus on pet food but Michelle Russell takes a look at why it might look to divest the unit and who might buy
ConAgra Foods will become the largest own-label firm in the US with an acquisition of Ralcorp Holdings but there are concerns over whether it can manage brands and private label. There are also questions over the potential private label has for further growth in the US. Doug Knudsen, president of sales at ConAgra, tells Dean Best why the company is upbeat about the deal, its ability to grow brands and own label and the private label sector.
Ralcorp Holdings, US manufacturer of own label goods and frozen bakery products, has reported that sales in its first quarter increased by US$58.7m, or 13%, due to recent acquisitions in its bakery segment and price hikes. However, the company posted lower earnings during the period.
ConAgra Foods today (30 June) revealed it will sell its private-label business as the US group confirmed the unit's performance weighed on full-year sales and earnings.
Post Holdings has struck a deal to acquire fellow US breakfast cereal manufacturer MOM Brands for around US$1.15bn.
ConAgra Foods today (26 June) told investors it expects sales volumes from its consumer foods division - under pressure in recent months - to improve as the company moves through its new financial year.
US private-label salty snack producer Shearer's Foods has acquired Medallion Foods from ConAgra Foods in a US$33.5m deal.
It is two years since US food group Ralcorp Holdings spun off branded breakfast cereal maker Post Holdings. And the Grape Nuts owner has, through a number of acquisitions, rapidly built a broader business designed to diversify away from a cereal market in the doldrums. just-food runs through the deals.
A surge in own label sales more than offset softness in the consumer brands business of ConAgra Foods.
Shares in ConAgra Foods plunged more than 7% today (11 February) as the US food giant company announced it was lowering its forecast for annual earnings for the second time.
ConAgra Foods today (19 September) confirmed the fall in first-quarter earnings it flagged last week, which prompted a profit warning for the year.
Shares in ConAgra Foods jumped today (27 June) after the US food group booked higher annual sales and profits and lifted its long-term growth targets.
Post Holdings saw its earnings slide in the first half of the year as the US cereal maker reported higher input costs.
Costs related to ConAgra Foods' acquisition of US peer Ralcorp Holdings hit its bottom line in the third quarter of its financial year - although the company insisted underlying profits were up.
ConAgra Foods chief Gary Rodkin today (19 February) insisted the US food group's mix of consumer brands, own label and B2B businesses offered the company "significant growth opportunities".
US food group ConAgra Foods has lifted its forecast for annual earnings on the back of its acquisition of private-label group Ralcorp Holdings - and "strong contributions" from the rest of its business.
Ralcorp Holdings, the own-label group soon to be swallowed by ConAgra Foods, has confirmed it will close two manufacturing plants in New York state.
ConAgra Foods yesterday (20 December) booked a jump in first-half profits and raised its full-year earnings forecast. The growth was a result of a series of small acquisitions made by the US group this year. Analysts gave an overall positive reaction to the results but some were cautious about the outlook for the company, particularly around its plan to buy private-label rival Ralcorp Holdings.
US food group ConAgra Foods has booked an increase in first-half profits and raised its full-year earnings forecast.
US private-label group TreeHouse Foods has snapped up cheese and pudding assets owned by dairy co-op Associated Milk Producers.
ConAgra Foods' deal to buy US private-label group Ralcorp Holdings last week added some spice to a pedestrian year for M&A. Staying with acquisitions in the US, Hostess Brands said it had received more than 100 bids for its assets. In Europe, Dutch retailer Ahold said it would up its cost cuts, with a focus on sourcing and promos. And in the UK, leading grocers signed up to a new code of special offers.
Last week, just-food spoke with ConAgra's president of sales Doug Knudsen in the wake of the company's deal to acquire Ralcorp. Other deals this week have included the purchase of Metro Group's eastern European operations by Auchan, while Ahold outlined progress on its "six strategic pillars" strategy at its Capital Markets day in the US.
US branded cereal business Post Holdings has revealed it is developing own-label lines.
An increase in fourth-quarter sales did not stop US cereal group Post Holdings reported a fall in underlying annual profits as costs ate into its bottom line.
ConAgra Foods CEO Gary Rodkin today (27 November) claimed the US food group's planned acquisition of private-label rival Ralcorp Holdings will put the company "front-of-centre" with retailers in North America.
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