Food Business News - April 7, 2015 - (Page 13)

increased 1.4% to $1,028.3 million for the quarter, reflecting solid domestic results for Lamb Weston potato operations and good efficiencies that more than offset headwinds from a West coast port labor dispute that affected international sales. Based on third-quarter performance, ConAgra has modestly raised its projections for fiscal 2015 diluted earnings per share to $2.15 to $2.19 (from $2.13 to $2.18), adjusted for items affecting comparability. ConAgra continues to expect to reduce debt by approximately $1 billion in the fiscal year and has repaid more than $600 million of debt so far, $500 million of which reflects the utilization of proceeds related to the Ardent Mills transaction. Mr. Connolly began his role as chief executive officer elect on March 3 and was to become c.e.o. on April 6, replacing Gary Rodkin, who is set to retire at the end of the fiscal year in May. FBN Tyson Foods leveraging Hillshire innovation LONDON - With the integration of Hillshire Brands well under way, the focus at Tyson Foods has turned to Apri 7, 2015 April 7, 2015 ril 0 execution. Company executives are working to maintain the innovation momentum Hillshire had attained prior to the acquisition in 2014. "Our goal is to deliver top-tier performance within the consumer packaged goods industry where we compete," said Andy Callahan, president of retail packaged goods for Tyson Foods, during the Consumer Analyst of Europe conference on March 18. "We have an advantaged portfolio of brands in very attractive categories and a model to build those brands and grow over time at a rate faster than the food and beverage industry in total ..." Mr. Callahan described Tyson's innovation pipeline as "robust" and detailed which consumer need-state categories the company is targeting. "The consumer landscape is changing," he said. "The way consumers shop is changing. They used to go to 12 stores. They are not going to less stores, but they are making more trips .... The millennial consumers, about 27% of the total consumer base, it is the largest cohort in history and they are evolving in their purchasing power over time." Noting that consumers are eating seven meals per day, snacking more and focusing on getting more protein in their diets, Mr. Callahan emphasized Tyson Foods has the insights to identify what is important to consumers today. The FOODBUSINESS NEWS OOD USINESS EWS D SINE E ® 13

Table of Contents for the Digital Edition of Food Business News - April 7, 2015

Food Business News - April 7, 2015
Challenges ahead for ConAgra Foods
Shifting from weight management to wellness
Beverage Business News - Beyond milk: Dairy ingredient trends
Table of Contents
Web Contents
Editorial - India may soon rival China in growth
Health concerns, competitive headwinds slow U.S. chocolate sales growth
Innovation brewing at McCormick
Tyson Foods leveraging Hillshire innovation
Heinz, Kraft merger offers ample international opportunities
Kroger on the cutting edge
Packaged meats sales lift Smithfield earnings
Market Insight - Farmers’ planting intentions vary from expectations
Washington - Feinstein, Leahy introduce B.P.A. labeling bill
Company Profile - Panera 2.0: In pursuit of excellence
Ingredient Innovations - Anticipating egg alternative needs
Dairy solids assist with flavor development
New Food Products
Ingredient Market Trends - U.S.D.A. March 1 soybean, corn and wheat stocks up from year ago
Ingredient Markets
Highlights from Research Chefs Association’s Culinary Expo in New Orleans
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - April 7, 2015