Hunt's Tomato Maker Conagra May Hike Prices to Offset Tariffs, CEO says
Chef Boyardee maker Conagra Brands may have to hike prices to offset the cost of tariffs on ingredients like cocoa, olive oil, palm oil and a type of steel used for its canned food products, CEO Sean Connolly said on Thursday.
The possible hikes - coming after grocery prices have already soared double digits over the last several years - are aimed at protecting Conagra's margins, so the Chicago-based food maker can continue to invest in its business and new products, Connolly told Reuters in an interview.
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