Meat & Poultry
Conagra’s new CEO ready to take ‘bold actions’ to turn around food giant
About 45 days into his tenure, Conagra Brands' new CEO John Brase announced a series of 'bold actions,' including halving the dividend, increasing investment in brands and supply chain, and conducting a comprehensive review of approximately 5,500 SKUs and the brand portfolio. The company expects organic net sales to decline by 1% to 3% in fiscal 2027.
JBS abandons 2040 net-zero target, citing 'enormous' execution challenges
In its sustainability report released on July 8, JBS announced it would abandon its 2040 net-zero emissions target and cancel its Scope 3 reduction goal, shifting focus to direct emissions. The company's chief sustainability officer cited enormous execution challenges. The target had previously been the subject of a lawsuit by the New York State Attorney General, which was settled in November 2025.
Walmart lowers prices on groceries and other goods to ease consumer inflation pressure
Walmart and Sam's Club announced price reductions on summer essentials on Monday, covering categories including groceries, household items, outdoor goods, toys, and clothing. This move comes as the U.S. inflation rate approaches a three-year high, with consumers facing macroeconomic pressures such as high fuel prices. Walmart U.S.'s chief merchandising officer stated that the reductions include thousands of Rollback promotions, with some items discounted by nearly 12%.
Hormel Bets on Protein Consumption Boom, Says Demand Resilience Offers Unique Growth Opportunities
Hormel Foods President John Ghingo said the company's protein-centric brand portfolio shows unique resilience amid weak consumer spending, achieving organic sales growth for six consecutive quarters. Approximately 70% of Americans want to increase dietary protein intake, and the popularity of GLP-1 drugs has further boosted demand. The company is capitalizing on protein growth opportunities across retail and foodservice channels through strategies such as portable packaging, snack-style products, and clear labeling.