Conagra Brands Completes Divesture of Its 51.8% Ownership Stake in Agro Tech Foods Limited
Conagra Brands (NYSE: CAG) has completed the sale of its 51.8% ownership stake in Agro Tech Foods (ATFL), an India-based food company. This divestiture aligns with Conagra's strategy to reshape its portfolio and maximize shareholder value. As a result, Conagra will no longer consolidate ATFL's financial results in its statements.
Conagra Brands, a leading North American food company with a 100-year history, focuses on innovation and collaboration to meet changing consumer preferences. The company's portfolio includes popular brands such as Birds Eye, Duncan Hines, Healthy Choice, and Slim Jim. In fiscal 2024, Conagra reported net sales exceeding $12 billion.
Conagra Brands (NYSE: CAG) ha completato la vendita della sua partecipazione azionaria del 51,8% in Agro Tech Foods (ATFL), un'azienda alimentare con sede in India. Questa dismissione è in linea con la strategia di Conagra per rimodellare il proprio portafoglio e massimizzare il valore per gli azionisti. Di conseguenza, Conagra non consolidarà più i risultati finanziari di ATFL nei propri bilanci.
Conagra Brands, una delle principali aziende alimentari nordamericane con una storia di 100 anni, si concentra su innovazione e collaborazione per soddisfare le mutevoli preferenze dei consumatori. Il portafoglio dell'azienda comprende marchi popolari come Birds Eye, Duncan Hines, Healthy Choice e Slim Jim. Nell'anno fiscale 2024, Conagra ha riportato vendite nette superiori a 12 miliardi di dollari.
Conagra Brands (NYSE: CAG) ha completado la venta de su participación del 51,8% en Agro Tech Foods (ATFL), una empresa alimentaria con sede en India. Esta desinversión se alinea con la estrategia de Conagra para reconfigurar su portafolio y maximizar el valor para los accionistas. Como resultado, Conagra ya no consolidará los resultados financieros de ATFL en sus estados financieros.
Conagra Brands, una de las principales empresas alimentarias de América del Norte con una historia de 100 años, se centra en la innovación y la colaboración para satisfacer las cambiantes preferencias de los consumidores. El portafolio de la empresa incluye marcas populares como Birds Eye, Duncan Hines, Healthy Choice y Slim Jim. En el año fiscal 2024, Conagra reportó ventas netas superiores a 12 mil millones de dólares.
코나그라 브랜드(뉴욕증권거래소: CAG)는 인도에 본사를 둔 식품 회사인 아그로 테크 푸드(ATFL)의 51.8% 소유 지분 매각을 완료했습니다. 이 매각은 코나그라의 포트폴리오 재편 및 주주 가치 극대화 전략에 부합합니다. 그 결과 코나그라는 더 이상 ATFL의 재무 결과를 자사 재무제표에 통합하지 않을 것입니다.
코나그라 브랜드는 100년의 역사를 가진 북미의 주요 식품 회사로, 변화하는 소비자 선호를 충족하기 위해 혁신과 협업에 주력하고 있습니다. 이 회사의 포트폴리오에는 Birds Eye, Duncan Hines, Healthy Choice 및 Slim Jim과 같은 인기 브랜드가 포함되어 있습니다. 2024 회계연도에 코나그라는 순매출 120억 달러 이상을 보고했습니다.
Conagra Brands (NYSE: CAG) a achevé la vente de sa participation de 51,8% dans Agro Tech Foods (ATFL), une entreprise alimentaire basée en Inde. Cette cession s'inscrit dans la stratégie de Conagra de restructurer son portefeuille et de maximiser la valeur pour les actionnaires. En conséquence, Conagra ne consolidera plus les résultats financiers d'ATFL dans ses états financiers.
Conagra Brands, une entreprise alimentaire nord-américaine de premier plan avec une histoire de 100 ans, se concentre sur l'innovation et la collaboration pour répondre aux préférences changeantes des consommateurs. Le portefeuille de l'entreprise comprend des marques populaires telles que Birds Eye, Duncan Hines, Healthy Choice et Slim Jim. Au cours de l'exercice 2024, Conagra a annoncé des ventes nettes dépassant 12 milliards de dollars.
Conagra Brands (NYSE: CAG) hat den Verkauf seiner 51,8%igen Beteiligung an Agro Tech Foods (ATFL), einem indischen Lebensmittelunternehmen, abgeschlossen. Diese Veräußerung steht im Einklang mit Conagras Strategie, sein Portfolio neu zu gestalten und den Aktionärswert zu maximieren. Infolgedessen wird Conagra die finanziellen Ergebnisse von ATFL nicht mehr in seinen Bilanzen konsolidieren.
Conagra Brands, ein führendes nordamerikanisches Lebensmittelunternehmen mit einer 100-jährigen Geschichte, konzentriert sich auf Innovation und Zusammenarbeit, um sich ändernden Verbraucherpräferenzen gerecht zu werden. Das Portfolio des Unternehmens umfasst bekannte Marken wie Birds Eye, Duncan Hines, Healthy Choice und Slim Jim. Im Geschäftsjahr 2024 meldete Conagra Nettoverkäufe von über 12 Milliarden US-Dollar.
- Completion of divestiture aligns with strategy to maximize shareholder value
- Net sales exceeded $12 billion in fiscal 2024
- Portfolio includes well-known brands like Birds Eye, Duncan Hines, and Slim Jim
- Loss of revenue stream from 51.8% ownership stake in ATFL
- Reduction in market presence in India
Insights
Conagra's divestiture of its 51.8% stake in Agro Tech Foods (ATFL) marks a strategic move in portfolio optimization. While the financial terms aren't disclosed, this exit from the Indian market allows Conagra to refocus on core North American operations. The impact on Conagra's financials could be significant, as ATFL's results will no longer be consolidated. This might lead to a short-term revenue dip but potentially improve profit margins. Investors should watch for any guidance updates on how this affects Conagra's
This divestiture reflects Conagra's strategic pivot towards its home market, aligning with consumer trends in North America. The exit from India, a challenging but high-potential market, suggests Conagra sees better growth opportunities domestically. This move could be a response to changing consumer preferences, with a focus on brands like Birds Eye and Healthy Choice that cater to convenience and health-conscious trends. Investors should monitor how Conagra reallocates resources from this divestiture to innovate and grow market share in its core categories. The decision might also indicate difficulties in scaling operations in emerging markets, a common challenge for Western food companies.
Conagra's divestiture of ATFL is a textbook example of portfolio rationalization. By exiting a non-core market, Conagra can streamline operations and potentially improve its overall financial efficiency. This move allows management to concentrate on strengthening its position in the North American market, where it has stronger brand recognition and distribution networks. The strategy aligns with the broader trend of "focus and simplify" in the CPG sector. While this might limit Conagra's exposure to high-growth emerging markets, it could lead to improved capital allocation and potentially higher returns on invested capital. Investors should look for signals on how Conagra plans to reinvest the proceeds from this sale to drive growth in its core markets.
About Conagra Brands
Conagra Brands, Inc. (NYSE: CAG), is one of North America's leading branded food companies. We combine a 100-year history of making quality food with agility and a relentless focus on collaboration and innovation. The company's portfolio is continuously evolving to satisfy consumers' ever-changing food preferences. Conagra's brands include Birds Eye®, Duncan Hines®, Healthy Choice®, Marie Callender's®, Reddi-wip®, Slim Jim®, Angie's® BOOMCHICKAPOP®, and many more. As a corporate citizen, we aim to do what's right for our business, our employees, our communities and the world. Headquartered in Chicago, Conagra Brands generated fiscal 2024 net sales of more than
Forward-Looking and Cautionary Statements
Statements in this press release that are not strictly historical may be "forward-looking" statements within the meaning of the federal securities laws, which involve risks and uncertainties including, among others, those set forth in our most recent Annual Report on Form 10-K and subsequent reports filed with the United States Securities and Exchange Commission. Conagra Brands, Inc. undertakes no responsibility update any such statements, except as required by law.
For more information, please contact:
MEDIA:
Dan Hare
312-549-5355
Daniel.hare@conagra.com
INVESTORS:
Melissa Napier
312-549-5738
IR@conagra.com
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SOURCE Conagra Brands, Inc.
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