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ConAgra's sales fall, supporting plan to revive food brands

2015-12-22 16:28:10| Food - Topix.net

ConAgra Foods Inc., the maker of Chef Boyardee pasta and Orville Redenbacher's popcorn, posted second- quarter sales that trailed analysts' estimates, reinforcing the need for Chief Executive Officer Sean Connolly to focus on reigniting growth in the company's household brands. Connolly, who has faced pressure from activist investor Jana Partners, has begun to transform ConAgra since taking the helm in April.

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