ConAgra confirms private-label exit
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.
Ralcorp Holdings
Post Holdings strikes deal to acquire MOM Brands for US$1.15bn
Post Holdings has struck a deal to acquire fellow US breakfast cereal manufacturer MOM Brands for around US$1.15bn.
On the money: ConAgra confident private-label will improve
After a challenging previous financial year, ConAgra Foods yesterday (18 September) reported on the first three months of its new fiscal period. Shares in the US food group rose as it reported underlying earnings that beat Wall Street forecasts and stuck to its expectations for annual earnings - notable after 12 months that included three profit warnings.
Editor’s viewpoint: Big year ahead for ConAgra
After a tough year, which included three profit warnings, ConAgra Foods and its management team face a very important 12 months. The US group's management believe it can improve the performance of both its consumer food and private-label arms but some industry watchers are less certain.
US: ConAgra: We expect consumer volumes to improve
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: ConAgra sells Medallion snacks brand to Shearer’s
US private-label salty snack producer Shearer's Foods has acquired Medallion Foods from ConAgra Foods in a US$33.5m deal. Medallion manufactures value-brand and private-label corn-based snacks, including tortilla chips, corn chips…
just the facts – Post Holdings’ M&A spree
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…
US: Own label propels ConAgra 9m sales
A surge in own label sales more than offset softness in the consumer brands business of ConAgra Foods. In a trading update today (20 March), ConAgra revealed that total sales…
Comment: Challenges ahead as ConAgra goes on to the front foot
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…
Editor’s viewpoint: US consumer chill lingers
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…
US: ConAgra cuts profit forecast again
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.…
