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...The maker of Birds Eye frozen food and Healthy Choice ready-meals now forecasts an adjusted operating margin of 15.8 per cent for its fiscal year, up from 15.6 per cent previously, helping to push its shares...
...Company results: Frozen potato processor Lamb Weston and consumer packaged foods company Conagra Brands will report earnings before the bell....
...Some deals occurred in the food and drinks sector last year, including JM Smucker’s acquisition of Hostess Brands, Unilever’s acquisition of frozen yoghurt brand Yasso, and Nestlé forming a joint venture...
...Companies: Frozen potato processor Lamb Weston and consumer packaged foods company Conagra Brands will report earnings results before the bell....
...But ConAgra, Hormel and Tyson aren’t even managing price increases. Kraft Heinz is getting price, but only at the cost of falling volumes....
...Here’s what else I will be keeping tabs on today: Earnings: Pharmacy group Walgreens Boots and consumer packaged food company ConAgra Brands report results....
...turkey congee; beef and broccoli pot pie (inspired by the microwaveable pies his mother used to bring home); SELT (pan-seared spam, egg, lettuce and tomato sandwiches); and dan dan lasagne (a homage to frozen-food...
...Part of the reason may have been a soft earnings report from ConAgra, the packaged food company. The chief executive said consumers were stretched and cutting back on spending....
...This is consistent with comments from the CEO of ConAgra Brands (Duncan Hines cake mix, Hunt’s tomato sauce, Birds Eye frozen vegetables, etc)....
...But that still looks expensive compared with other food producers such as Hormel and Conagra, both of which are profitable and boast growing sales....
...As Zhou would say, it is too early to tell whether these low-float IPOs will unthaw the frozen new issue market....
...It is a major American maker of the less-geopolitically-sensitive kind of chips, meaning it supplies fast food restaurants with frozen french fries....
...I’ve also written about how some basic food companies are not say, the kind of Hershey’s and Kraft Heinz and ConAgra of the world have been making slightly spooky noises about consumer demand, about not...
...Food manufacturer ConAgra warned of further price increases on its products in coming months as it battles double-digit inflation, even as its latest results showed higher prices had met with some resistance...
...And with growth deteriorating, cash burn has been Promethean in pursuit of a must-have product (jerky has flopped; frozen steak and chicken are works in progress)....
...It started selling bread and ice last year alongside frozen and refrigerated food at $3, $4, and $5 price points, well above the $1.25 standard price it moved to in 2021 as inflation began to bite....
...It used to be owned by ConAgra, until it was spun out and listed in 2016, and is now valued at almost $12bn....
...Companies with overseas M&A ambitions that were deep frozen by Covid-19 will identify the hoarded cash as dealmaking war chests....
...or its subsidiary Whole Foods....
...Consumer packaged goods company Conagra Brands and frozen potato processor Lamb Weston are also due to report earnings....
...In 1984, the brand was acquired by the Sara Lee Corporation, the consumer goods company best known for its frozen food....
...Frozen food degrades because of ice crystals that expand during cold storage. These can damage a product’s quality by causing the walls of its cells to rupture....
...The ride-hailing and food delivery company’s priority must now be to generate free cash flow....
...And frozen in the snow in front of me was a huge paw print. I’d paid little attention when someone had mentioned that these forests were home to bears, lynx and wolves....
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