Conagra Brands expects to maintain an investment-grade profile following the separation, and to remain committed to a strong and attractive dividend.Capital structure and capital allocation policy for Lamb Weston have not yet been finalized. The Company will focus on opportunities to expand share domestically and accelerate international growth, particularly within fast-growing emerging markets.“The decision to separate into two pure-play companies reflects our ongoing commitment to implementing bold changes in order to deliver sustainable growth and enhanced shareholder value,” said Sean Connolly, president and chief executive officer, ConAgra Foods. However, there’s a lot more to the story than that.Management quickly righted the ship.

This got its organic sales back into positive territory for the first time in several years. We are confident that this separation will best position each company to compete and win while creating compelling long-term value for shareholders and delivering benefits to employees, customers and other key stakeholders.”Conagra Brands will be led by CEO Sean Connolly and will be headquartered in Chicago.The two businesses operate in distinct markets and possess unique and compelling growth prospects and investment requirements.
The discussion and analysis should be read together... | … For fiscal 2015, Lamb Weston generated revenues of approximately $2.9 billion, as reported, and accounted for the significant majority of the commercial foods segment’s fiscal 2015 operating profit of approximately $570 million.Immediately following the transaction, which is expected to be completed in the fall of 2016, ConAgra Foods shareholders will own shares of both independent companies. Like us on Facebook to see similar storiesIn recent weeks, we’ve seen some investors start selling out of their defensive holdings in industries such as food, beer & liquor, and personal hygiene. This, in turn, allowed ConAgra to come into 2020 with a defensible financial position.Between 2017 and the beginning of 2019, ConAgra lost half its value, as shares plummeted from a high of $42 to just $20 at the low. As the economy reopens, the extra sales momentum in those sectors will start to fade.On top of that, ConAgra’s recent gains aren’t primarily tied to the coronavirus anyway. The transaction is expected to be structured as a spin-off of the Lamb Weston business, tax-free to the company and its shareholders.Lamb Weston is a leading frozen potato products provider to the foodservice industry on a global basis. ConAgra soared a quick 50% off the bottom.In 2019, the company went in reverse, selling off labels to other firms during a strong market where ConAgra achieve reasonable values for their divested properties. In Europe, where Lamb Weston does business through its Lamb-Weston/Meijer venture, shipments were at approximately 75% of those seen last year … Conagra was founded in 1919 by Frank Little and Alva Kinney, who brought together four grain mills as Nebraska Consolidated Mills (NCM) with its head Grand Island, Nebraska. It cut costs aggressively and reworked its marketing strategy. This acquisition expands ConAgra Foods' Lamb Weston operations in a market that has growing demand for frozen potato products. The consumer brands business will be renamed Conagra Brands, Inc. and the frozen potato business will operate under the Lamb Weston name. If so, its recent gains might quickly disappear.

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