ConAgra's Sales Fall, Supporting Plan to Revive Food Brands

  • CEO Connolly is shedding private-label, commercial operations
  • Revenue from consumer foods segment slips 2.9 percent

ConAgra Foods Inc., the maker of Chef Boyardee pasta and Orville Redenbacher’s popcorn, posted second-quarter sales that trailed analysts’ estimates, reinforcing the need for Chief Executive Officer Sean Connolly to focus on reigniting growth in the company’s household brands.

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