ConAgra Foods Inc. Apr 09
Standard & Poors, April 2009
Abstract
Well-known brand names within the packaged foods industry; Broad market penetration in the U.S.; and A strong presence in potato products. Sluggish performance in the consumer food sector, which is more critical following the sale of the trading and merchandising business; Exposure to volatile commodity costs; and The highly competitive nature of the packaged foods market. The ratings on ConAgra Foods Inc. reflect its diverse portfolio of well-known packaged food brands and its good geographic coverage in the U.S. Higher operating costs, which negatively affected margins, particularly in the company's consumer foods segment (about 64% of fiscal 2008 revenues), and Standard & Poor's Ratings Services' concern that the company's core packaged food business will face challenges to improve performance in...
Companies mentioned in this report are:
- ConAgra Foods Inc.
- Beatrice Co.
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
- ConAgra Foods Inc.
- Beatrice Co.
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