| Market Capitalization (Millions $) |
11,826 |
| Shares
Outstanding (Millions) |
484 |
| Employees |
18,500 |
| Revenues (TTM) (Millions $) |
8,822 |
| Net Income (TTM) (Millions $) |
329 |
| Cash Flow (TTM) (Millions $) |
-30 |
| Capital Exp. (TTM) (Millions $) |
383 |
Conagra Brands Inc
Conagra Brands, Inc. Overview
Conagra Brands, Inc. is a prominent packaged food company based in the United States, known for its diverse range of food products. Originally incorporated as ConAgra Foods, Inc. in 1919, the company has undergone significant transformation over the decades through strategic acquisitions, product innovations, and a focus on brand development. In 2016, ConAgra rebranded itself as Conagra Brands, emphasizing its evolution and commitment to delivering quality branded food products.
Acquisitions and Growth Strategy
Conagra has employed an aggressive acquisition strategy to bolster its market share and portfolio. Significant acquisitions include:
- Beatrice Company (1990)
- Golden Valley Microwave Foods (1992)
- International Home Foods (2001)
In recent years, Conagra has executed a focused strategy to streamline operations, divesting non-core brands and acquiring key brands to concentrate on high-growth categories. This strategy aims to reinforce its core focus on branded and value-added food products that meet evolving consumer preferences.
Business Segments
Conagras operations are divided into three reporting segments: Retail Products, Foodservice Products, and Food Ingredients.
1. Retail Products
The Retail Products segment encompasses an extensive range of branded foods available in various categories, including shelf-stable, frozen, and refrigerated products:
- Shelf-Stable Products: This category includes items such as tomato products, cooking oils, soups, meat snacks, and peanut butter. Major brands include:
- Hunt's
- Healthy Choice
- Chef Boyardee
- Wesson
- Orville Redenbacher's
- Slim Jim
- Swiss Miss
- Frozen Products: Conagra offers dinners, pizzas, desserts, and snacks. Key brands in this segment are:
- Healthy Choice
- Marie Callender's
- Banquet
- Butterball
- Rosarita
- Refrigerated Products: This segment includes meats, hot dogs, bacon, and dessert toppings, with notable brands such as:
- Armour
- Hebrew National
- Reddi-wip
- Lightlife
Foodservice Products
This segment focuses on providing branded and customized food products targeted at restaurants and foodservice operations. The offerings include meals, sauces, meats, prepared potatoes, and seafood. Major brands include:
- Armour
- Butterball
- Hebrew National
- Hunt's
Food Ingredients
The Food Ingredients segment comprises a variety of branded and commodity food ingredients, such as milled grain ingredients, seasonings, and blends. This segment services food processors and includes sourcing and merchandising operations.
Market Position and Competitiveness
Conagra Brands operates in a highly competitive landscape, contending with both nationally recognized brands and private label products. The company faces intense competition across all segments from established brands that are well-advertised, requiring Conagra to continuously innovate and adapt to consumer trends.
Raw Materials and Economic Factors
Conagras product lines use various raw materials, predominantly commodities that are subject to market fluctuations influenced by factors like weather conditions, international commodity prices, and political regulations. Managing these variables is essential for maintaining cost efficiency and profitability.
Recent Developments
Conagra Brands has increasingly focused on health-conscious product lines and sustainability. This shift reflects changing consumer preferences towards healthier eating and environmentally sustainable practices. The company has also invested in modernizing its supply chain and leveraging technology to improve efficiency and product quality.
Overall, Conagra Brands continues to adapt to the shifting landscape of the food industry while maintaining its commitment to delivering quality and valued products to consumers. The company's strategic initiatives in innovation, acquisitions, and sustainability position it for ongoing success in the competitive packaged food market.
Company Address: 222 W. Merchandise Mart Plaza, Suite 1300 Chicago 60654 IL
Company Phone Number: 549-5000 Stock Exchange / Ticker: NYSE CAG
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