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Conagra Brands
Conagra Brands

-8.05%

Food & nutrition / Food processing

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Overview
Conagra Brands is a leading North American packaged food company headquartered in Chicago, Illinois. The company was founded in 1919 and has grown through several mergers and acquisitions to become one of the largest food companies in the United States. Conagra Brands’ portfolio includes a wide range of popular brands, including Hunt’s, Healthy Choice, Chef Boyardee, Orville Redenbacher’s, and many more.
The company's products can be found in grocery stores, restaurants, and other foodservice establishments across the United States and Canada. With over 38,000 employees and a strong commitment to innovation and sustainability, Conagra Brands is dedicated to providing high-quality, convenient, and affordable food choices for its customers.
What is special about the company?
Some possible answers could be:
- Its diverse portfolio of well-known and trusted brands: Conagra Brands owns over 50 different brands, including popular consumer food products like Hunt's, Slim Jim, and Reddi-Wip, as well as restaurant and chef-inspired brands like Marie Callender's, P.F. Chang's, and Gardein.
- Its focus on innovation and adapting to changing consumer tastes: Conagra Brands invests heavily in research and development to create new products and improve existing ones, and has a history of successful product innovations, such as Healthy Choice frozen meals and Orville Redenbacher's microwave popcorn.
- Its commitment to sustainability and corporate responsibility: Conagra Brands has set ambitious goals to reduce its environmental impact and has been recognized for its efforts, such as being named to the Dow Jones Sustainability Indexes for six consecutive years. The company also has various initiatives and partnerships aimed at addressing food insecurity and other social issues.
- Its strong financial performance and growth strategy: Conagra Brands has a track record of delivering strong financial results and creating shareholder value. The company has also made strategic acquisitions and divestitures to position itself for future growth and profitability.
- Its dedication to diversity and inclusion: Conagra Brands has a diverse workforce and a commitment to building a culture of inclusion and belonging. The company has been recognized for its efforts in this area, including being named one of the Best Places to Work for LGBTQ+ Equality by the Human Rights Campaign Foundation.
What the company's business model?
The business model of Conagra Brands is primarily based on producing and marketing packaged food products. The company's main focus is on manufacturing and selling branded and private label food items such as frozen meals, snacks, condiments, and other consumer goods. Conagra Brands operates through a combination of internal manufacturing and contract manufacturing, using a network of suppliers and distributors to bring their products to market. The company also engages in various marketing and advertising strategies to promote its products and expand its customer base. Additionally, Conagra Brands has a strong emphasis on innovation and continuously works to develop new products and improve existing ones in response to changing consumer preferences and demands. Overall, the company's business model involves delivering quality, convenient, and affordable food products to consumers while aiming for sustainable growth and profitability.
Interesting facts about the company
1. Conagra Brands was founded in 1919 as the Nebraska Consolidated Mills Company.
2. The name “Conagra” was derived from the phrase “afternoon sunshine, which was the original name of the flour milled by the company.
3. Conagra Brands was originally a flour milling company and did not enter the food industry until the 1940s.
4. The company’s first food product was called Extra Superfine flour and was sold in 1940.
5. In 1942, Conagra Brands introduced its most famous product, “Hunt’s Tomato Sauce.”
6. Over the years, Conagra Brands has acquired a number of well-known food brands, including Orville Redenbacher’s, Healthy Choice, and Slim Jim.
7. The company expanded into the frozen food market in the 1970s with the introduction of Banquet frozen meals.
8. Conagra Brands was the first company to introduce microwavable popcorn in 1984 with the launch of Orville Redenbacher’s gourmet popping corn.
9. In 1992, Conagra Brands became the first major food company to eliminate trans fats from its products.
10. Conagra Brands has a diverse array of products, including: canned and frozen vegetables, snack foods, condiments, frozen meals, and meat products.
11. The company is the second-largest producer of frozen potato products in the world.
12. Conagra Brands has over 1,100 different food products in its portfolio, sold in over 150 countries.
13. The company has been recognized for its commitment to sustainability and has been named one of the World’s Most Ethical Companies by the Ethisphere Institute for 9 consecutive years.
14. Conagra Brands has a strong presence in the United States, with 78% of its sales coming from the domestic market.
15. In 2020, Conagra Brands was ranked as the 10th largest food and beverage company in the United States by revenue.
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