Bryan Adams's questions to CONAGRA BRANDS (CAG) leadership • Q4 2025
Question
Bryan Adams of UBS asked how Conagra would balance its investment-for-growth strategy if the inflation or tariff outlook changes, and inquired about the potential for further portfolio pruning.
Answer
President & CEO Sean Connolly stated that the primary goal is long-term value, which requires investing to keep key brands strong. However, if external factors like inflation were to change significantly, the company would re-evaluate its plan in real-time. On portfolio reshaping, he confirmed they continue to evaluate exit candidates within the grocery business but will remain methodical, recognizing the cash flow these brands provide to fund growth investments.