In this file:

 

·         Some Kraft Heinz, Conagra product prices may rise as raw materials costs surge

·         Conagra Brands sees younger consumers as key to growth

 

 

 

Some Kraft Heinz, Conagra product prices may rise as raw materials costs surge

 

o   Kraft Heinz and Conagra Brands said they may choose to raise prices this year on some products that use wheat, sugar and other commodities that are becoming increasingly expensive due to high demand.

o   Conagra executives told Reuters on Tuesday that higher prices for some ingredients, including edible oils, pork and eggs, and for packaging, may prompt it to raise prices to offset the increases this year

 

o   Reuters

via CNBC - Feb 16 2021

 

Kraft Heinz and Conagra Brands said they may choose to raise prices this year on some products that use wheat, sugar and other commodities that are becoming increasingly expensive due to high demand.

 

Conagra executives told Reuters on Tuesday that higher prices for some ingredients, including edible oils, pork and eggs, and for packaging, may prompt it to raise prices to offset the increases this year.

 

Kraft Heinz CEO Miguel Patricio told Reuters...

 

more

https://www.cnbc.com/2021/02/16/kraft-heinz-conagra-product-prices-rise-as-raw-materials-costs-surge.html

 

 

Conagra Brands sees younger consumers as key to growth

 

By Keith Nunes, Food Business News

02.17.2021

 

CHICAGO — Since the onset of the COVID-19 pandemic last March, Conagra Brands, Inc. has gained the equivalent of an estimated 4.5 years’ worth of incremental new buyers, according to Sean M. Connolly, president and chief executive officer. Many of the new customers tend to be younger, and the company is focused on earning their continued loyalty.

 

“Historically, younger adults have eaten at home less than older generations,” Mr. Connolly said Feb. 16 during an investor presentation at the virtual Consumer Analyst Group of New York meeting. “Historically, a meaningful shift toward at-home eating occurs during the family formation years, and COVID has accelerated the timing of this shift.”

 

With COVID-19 keeping more younger consumers at home, many have gravitated toward Conagra’s portfolio of frozen food, snacks and cooking staples.

 

“The data show that these new younger buyers are stickier across our entire portfolio,” Mr. Connolly said. “Our new brand buyers have higher repeat purchase rates than other category buyers across the board:

 

more

https://www.foodbusinessnews.net/articles/17962-conagra-brands-sees-younger-consumers-as-key-to-growth