ConAgra Foods Completes Sales of JM Swank and Spicetec Flavors & Seasonings
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Note on Forward-looking Statements
This press release
contains forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements are not guarantees of future performance; actual outcomes and
results may differ materially from those expressed in, or implied by,
these statements. These forward-looking statements are based on
management’s current expectations and are subject to uncertainty and
changes in circumstances. These risks and uncertainties include, among
other things: general economic and industry conditions; ConAgra Foods’
ability to successfully execute its long-term value creation strategy;
ConAgra Foods’ ability to successfully complete the spinoff of its Lamb
Weston business on a tax-free basis, within the expected time frame or
at all, and achieve the intended benefits of the spinoff; ConAgra Foods’
ability to access capital; ConAgra Foods’ ability to execute its
operating and restructuring plans and achieve its targeted operating
efficiencies, cost-saving initiatives, and trade optimization programs;
the effectiveness of ConAgra Foods’ hedging activities, including
volatility in commodities that could negatively impact its derivative
positions and, in turn, its earnings; the competitive environment and
related market conditions; ConAgra Foods’ ability to respond to changing
consumer preferences and the success of its innovation and marketing
investments; the ultimate impact of any product recalls and litigation,
including litigation related to the lead paint and pigment matters;
actions of governments and regulatory factors affecting ConAgra Foods’
businesses, including the Patient Protection and Affordable Care Act;
the availability and prices of raw materials, including any negative
effects caused by inflation or weather conditions; risks and
uncertainties associated with intangible assets, including any future
goodwill or intangible assets impairment charges; ConAgra Foods’ ability
to realize the synergies and benefits contemplated by the Ardent Mills
joint venture; the costs, disruption, and diversion of management's
attention associated with campaigns commenced by activist investors; and
other risks described in ConAgra Foods’ reports filed with the
View source version on businesswire.com: http://www.businesswire.com/news/home/20160725006292/en/
Source:
ConAgra Foods, Inc. Media: Dan Hare, 312-549-5355 daniel.hare@conagrafoods.com or Investors: Johan Nystedt, 312-549-5002 IR@conagrafoods.com