Conagra doesn’t see need for ‘big’ price hikes in 2023, WSJ says

Conagra (CAG) does not intend to hike prices in 2023, depending on the future path of inflation this year, Chief Financial Officer David Marberger said, according to Jennifer Williams-Alvarez, writing for the Wall Street Journal. Conagra, maker of Hunt’s ketchup, Healthy Choice frozen meals and Slim Jim meat sticks, said even if inflation continues," and we take "any pricing, any adjustments would be moderate," according to the WSJ story. "Companies including burrito chain Chipotle Mexican Grill (CMG) and beauty products maker Ulta Beauty (ULTA). last year raised prices to combat higher costs, including for wages and raw materials." noted the WSJ. Reference Link