Hints and tips:
Showing results for Con Agra Foods, LLC
...If you have the long pharma/short junk food pair trade on, email us: robert.armstrong@ft.com and ethan.wu@ft.com....
...Three months ago, sales weakness at Pinnacle Foods spooked Wall Street, igniting a sharp decline in shares....
...However, analysts have taken note of encroaching competition, with traditional food giants including Tyson and Nestlé jumping into the fray....
...ConAgra, the $14.3bn packaged foods company, reaffirmed its 2019 guidance on Wednesday, calling for organic net sales growth of 1 per cent and adjusted earnings per share of $2.03 to $2.08....
...And RBC Capital Markets advises taking profit in AB Foods. Unchanged £28.50 target....
...The company in June said it would buy Pinnacle Foods, in a $10.9 bet aimed at boosting its presence in frozen foods....
...The combination would create a packaged food giant with about $11bn in annual sales and bolster Conagra’s presence in the resurgent frozen foods market....
...Investors are not warming up to ConAgra Brands’ $10.9bn bet on frozen foods....
...Since becoming chief executive in 2015, Mr Connolly has overseen radical changes aimed at adapting the company’s snack-focused portfolio to meet consumer demand for healthier foods....
...Food giant ConAgra – which makes products including Chef Boyardee and Swiss Miss – saw net sales fall 11 per cent during the most recent quarter thanks to reduced discounting activity and foreign-exchange...
...ConAgra Foods rose after the group swung to a profit in the quarter to February 28....
...ConAgra Foods’ chief executive says the company needs to be more aggressive in keeping up with the changing consumer tastes roiling the food industry....
...He is on a drive to make ConAgra’s food “ “more contemporary, more provocative”....
...ConAgra Foods climbed after Jefferies gave the company a “buy” rating and a price target that implied a 26 per cent upside....
...Jack in the Box shares rose 5.8 per cent to $74.05 after the US fast-food chain said its fiscal fourth-quarter profits jumped 43 per cent to $23.1m, or 63 cents a share, from the year-ago period....
...in tastes and preferences for healthier and fresher foods....
...Food group ConAgra has found Jana Partners at its door, Carl Icahn targeted Freeport-McMoRan, American International Group and eBay, while Starboard Value has launched campaigns against Macy’s, Advance Auto...
...On Tuesday US food group ConAgra Foods finally threw in the towel on its November 2012 acquisition of Ralcorp Holdings, announcing it would exit its struggling private label business....
...ConAgra Foods fell nearly 1 per cent after the company reported a fiscal third-quarter loss and took a $1.3bn goodwill impairment charge on its private label business....
...The packaged foods producer, which owns the Hunt’s ketchup and Hebrew National hot dog brands, said profits rose to $484.5m in the quarter....
...Mondelez joins other food companies grappling with a tough operating environment....
...ConAgra, the US packaged foods company, warned second-quarter profits would fall below estimates on weakness in its consumer foods division as it reported a 42 per cent drop in first-quarter earnings....
...That included a 16 cents per share charge related to the Omaha-based company’s $5bn acquisition of Ralcorp, the private label foods maker....
...With food stocks, it’s hard to say. Their owners are undoubtedly looking prosperous around the middle....
...ConAgra , the maker of Hunt’s ketchup, lost 1.9 per cent to $34.85 after it said its quarterly profits shrank due to costs associated with the $5bn acquisition of Ralcorp, another consumer foods company....
International Edition