The food giant is streamlining its portfolio to prioritise high-return sectors like snacks and frozen goods.
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Conagra is implementing a strategic reset to prioritise profit margins under the direction of its new chief executive. The company intends to create a leaner portfolio by focusing on areas that offer higher returns.
According to a report by Just Food, the business will place a stronger emphasis on its snacks and frozen food categories. As part of this transition, Conagra has also decided to reduce its dividend payments.
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