Conagra Brands has stopped producing Celeste frozen pizzas, prompting longtime fans to reminisce about the budget-friendly freezer staple.
The company disclosed the move during its fiscal first-quarter 2027 earnings remarks Sept. 30, saying the exit reduced first-quarter net sales by about 15 basis points but is expected to “be accretive to margins going forward.”
Conagra CEO John Brase said Celeste is an example of a smaller brand with which the company no longer sees enough of a “future” to justify continued investment.
“There are certain brands and categories where we simply just don’t see a future,” Brase said. “It just makes sense to exit those small, really unprofitable brands or low-profit brands as soon as possible.”
DAVE PORTNOY BACKS PIZZA HUT REBRAND AS ‘BRILLIANT MOVE’ — THEN MAKES HIS PITCH
A Conagra spokesperson confirmed to FOX Business that production of Celeste pizzas has ended, although shoppers may continue to find the products on store shelves until the remaining inventory sells out.
“We will continue to sell inventory, but we stopped producing it. As of now, there will not be Celeste products once we sell what has been made,” the spokesperson said.
Brase said Conagra plans to look for similar opportunities as it works to cut complexity across its portfolio.
“I think the larger opportunity, though, is what I am really calling the simplification of our core platforms,” he said. “We have over 400 single-serve meal [stock-keeping units], and I believe there is a future where we can have a much simpler, more productive assortment.”
CULT-FAVORITE PIZZA CHAIN USES SURPRISING METHOD TO RECREATE NYC FLAVOR NATIONWIDE
News of Celeste’s exit has sparked nostalgia on social media, with users sharing memories of the pizzas.
“RIP Mama Celeste. You were a good one. Those 10 for $10 deals were the pinnacle of the 90s,” one user commented on a food blogger’s Instagram post about the news.
“Omg my grandma always had one of these on hand so will forever remind me of her. I haven’t had one in years but the nostalgia!” another user wrote.
“My eyes welled up reading this. This pizza [reminds] me of my grandma,” another said.
CALIFORNIA PIZZA KITCHEN CO-FOUNDER OPENS UP ABOUT FAMOUS CHAIN’S WILD RISE, BANKRUPTCY AND COMEBACK
CLICK HERE TO GET FOX BUSINESS ON THE GO
“This was my childhood pizza,” another commented.
Celeste traces its roots to Celeste “Mama” Lizio, who built a food business in the Chicago area before selling it to Quaker Oats in 1969, according to a 1988 Los Angeles Times obituary.
