Conagra Brands, headquartered in Chicago, is a leading North American branded food company. It combines a 100-year history of making quality food with a focus on collaboration and innovation. The company's portfolio includes brands such as Birds Eye®, Duncan Hines®, Healthy Choice®, Marie Callender's®, Reddi-wip®, Slim Jim®, and Angie's® BOOMCHICKAPOP®. Conagra competes throughout the food industry, focusing on adding value for customers in retail food and foodservice channels. The company's strategy involves organic growth, innovation, and expansion into adjacent categories through acquisitions.

• Employees: 18,500 (as of May 26, 2024)
• Geographic Footprint: Primarily in the United States, with operations in Canada, Mexico, Panama, and the Philippines
• Headquarters: Chicago, Illinois
• Founded: 1919
• Number of locations/facilities: 39 domestic manufacturing facilities, with additional international facilities
• Revenue: $12.05 billion (FY2024)
• Key Subsidiaries/Brands: Birds Eye®, Duncan Hines®, Healthy Choice®, Marie Callender's®, Reddi-wip®, Slim Jim®, Angie's® BOOMCHICKAPOP®

• CEO: Sean M. Connolly (since 2015)
• CFO: David S. Marberger (since 2016)
• General Counsel and Corporate Secretary: Carey L. Bartell (since 2022)
• Chief Human Resources Officer: Charisse Brock (since 2015)
• Chief Supply Chain Officer: Alexandre O. Eboli (since 2021)
• Chief Operating Officer: Thomas M. McGough (since May 2024, previously Co-Chief Operating Officer from 2018)
• President, New Platforms and Acquisitions: Noelle O'Mara (since 2024)
• Senior Vice President and Corporate Controller: William E. Johnson (since 2023)

Key executives have extensive experience in the food and consumer packaged goods industries.

• Annual Revenue: $12.05 billion (FY2024)
• Net Income: $347.7 million
• Total Assets: Not explicitly stated in overview, but can be found in the balance sheet
• Number of Employees: 18,500 (as of May 26, 2024)
• Key Financial Highlights: Net sales decreased, with organic decreases in Grocery & Snacks and Refrigerated & Frozen segments, partially offset by increases in International and Foodservice. Gross profit increased due to higher productivity and lower costs, partially offset by input cost inflation and lower sales. Diluted earnings per share were $0.72.

Conagra Brands offers a wide range of branded food products across several categories:

• Grocery & Snacks: Includes branded, shelf-stable food products sold in various retail channels in the United States.
• Refrigerated & Frozen: Includes branded, temperature-controlled food products sold in various retail channels in the United States.
• International: Includes branded food products, in various temperature states, sold in various retail and foodservice channels outside of the United States.
• Foodservice: Includes branded and customized food products, including meals, entrees, sauces, and a variety of custom-manufactured culinary products packaged for sale to restaurants and other foodservice establishments primarily in the United States.

Key brands include Birds Eye®, Duncan Hines®, Healthy Choice®, Marie Callender's®, Reddi-wip®, Slim Jim®, and Angie's® BOOMCHICKAPOP®.

Conagra Brands operates through four main reporting segments:

• Grocery & Snacks: Primarily branded, shelf-stable food products sold in U.S. retail channels.
• Refrigerated & Frozen: Primarily branded, temperature-controlled food products sold in U.S. retail channels.
• International: Primarily branded food products sold in various temperature states in retail and foodservice channels outside the U.S.
• Foodservice: Branded and customized food products sold to restaurants and other foodservice establishments primarily in the U.S.

Revenue breakdown by segment is available in the financial statements.

Conagra's strategy focuses on delivering sustainable, profitable growth with strong and improving returns on invested capital. Key strategic priorities include:

• Innovation and organic growth of brands
• Expansion into adjacent categories through acquisitions
• Cost management and productivity improvements
• Supply chain optimization
• Leveraging data and technology

The company aims to satisfy changing consumer preferences and maintain a competitive edge in the food industry.

Conagra operates in the highly competitive food industry, facing competition from branded, private label, and customized food products. Key market trends include:

• Retail customer consolidation
• Proliferation of new competitive products
• Shifts in consumer behavior and channel preferences
• Consumer price sensitivity
• Growth in e-commerce

The company competes with large companies that have substantial financial and marketing resources. Market share information is not explicitly stated in the overview but is implied to be impacted by competition and consumer trends.

• Market Risks: Deterioration of general economic conditions, inflation, rising interest rates, and geopolitical conflicts could adversely affect the business and results of operations.
• Credit Risks: Existing and future debt may limit cash flow available for business needs and could prevent the company from fulfilling debt obligations.
• Competition Risks: Increased competition may result in reduced sales or profits. The food industry is highly competitive with many players.
• Commodity Risks: Increases in commodity costs, raw materials, labor, manufacturing, and distribution may negatively impact profitability.
• Operational Risks: Supply chain disruptions, product recalls, product liability claims, and labeling claims could negatively impact the company's profitability.