The Numbers Don't Lie: Is ConAgra Lining Up for Deals?

The video discusses ConAgra's response to pressure from Jana Partners, highlighting its stock performance and profitability challenges. It covers strategic moves like shedding private brands and the Lamb Weston spinoff to improve margins. The company is open to asset sales and cost reductions, aiming to cut $300 million annually. Future prospects include potential acquisitions, supported by financial strategies like tax assets and increased debt capacity.

What has been the investor response to ConAgra's performance under CEO Connolly?

• Investors are dissatisfied with the performance.

• Investors are indifferent to the performance.

• Investors seem to like the results.

• Investors are unaware of the performance.

What is one of the main reasons ConAgra's operating margins trail behind its peers?

• Strong performance in private brands

• Weakness in consumer foods and private brands

• High promotional spending

• Excessive asset sales

What strategic move did ConAgra make to improve its operating margins?

• Shed the private label unit and spun off Lamb Weston

• Increased promotional spending

• Acquired new brands

• Expanded its private brands

How much does ConAgra aim to reduce its annual costs by?

• $400 million

• $300 million

• $200 million

• $100 million

What financial benefit does the spinoff of Lamb Weston provide ConAgra?

• Increased promotional spending

• Reduced consumer foods margins

• More debt capacity for purchases

• Higher operating margins