Industry News

Higher-than-expected demand has spurred Conagra to increase its annual sales forecast by a point to 1%, and the company is planning another price increase for its frozen and snack lines to offset mounting inflationary pressures, which have had a "limited" effect on sales so far, said CEO Sean Connolly. Conagra's Slim Jim brand is adding new flavors, sizes and a meat-and-cheese combo as consumers seek to increase their protein intake, said Burke Raine, president, grocery and snack brands.

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