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  4. Tony's
Tony's logo
Food & Beverage

Who Owns Tony's?

Tony's is owned by Conagra Brands, Inc., a publicly traded American food company founded in 1919. The brand was founded in 1957 and acquired by Conagra in 1988. Tony's operates under Conagra's frozen food division headquartered in Chicago, Illinois, USA.

Parent Company

Conagra Brands, Inc.

Acquired

1988

Status

Publicly Traded

Headquarters

Chicago, Illinois, USA

Tony's Timeline

1919
Conagra Brands, Inc.

Parent company established in Chicago, Illinois, USA

Company Founded
1957

Tony's

Founded by Anthony Simmons

Founded
1988
Acquired by Conagra Brands, Inc.

Conagra Brands, Inc. acquired Tony's

Acquired
mid rangemass marketGlobalall-agesOfficial Website

Who Owns Tony's?

  • Parent Company: Conagra Brands, Inc.
  • Ownership Type: Acquired
  • Acquisition Year: 1988
  • Company Type: Publicly Traded
  • Stock Ticker: NYSE: CAG
BrandParent CompanyOwnership Type
Tony'sConagra Brands, Inc.Acquired

Where to Buy

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AmazonTony's on Amazon

History of Tony's

  • Founded: 1957
  • Founders: Anthony Simmons
  • Acquired by Conagra Brands, Inc.: 1988

Tony's was founded in 1957 in the United States as a frozen pizza brand. The brand launched during the early years of the American frozen food industry, when frozen pizza was a relatively new product category and consumer adoption of home freezers was expanding rapidly. Tony's positioned itself as an accessible, value-priced frozen pizza with a distinctive crispy thin crust that set it apart from other frozen pizza products of the era.

The founding concept was simple: offer a convenient, affordable frozen pizza that delivered a satisfying eating experience. The crispy thin crust became Tony's signature product characteristic, providing a texture that many consumers preferred to the thicker, doughier crusts of competing frozen pizza brands. This crust differentiation became the foundation of Tony's brand identity and a key driver of consumer loyalty.

Through the 1960s and 1970s, Tony's expanded its distribution and product range as the frozen pizza category grew. The brand developed a variety of topping combinations while maintaining its core crispy crust positioning. Tony's became particularly well-established in the Midwest, where it developed strong regional brand recognition and a loyal consumer base.

The frozen pizza category experienced significant growth through the 1970s and 1980s as American consumers increasingly embraced frozen convenience foods. Tony's competed in this growing market alongside brands including Totino's (General Mills), Tombstone (Kraft), and DiGiorno (Kraft), each of which developed distinctive positioning within the frozen pizza category.

In 1988, Conagra acquired Tony's, bringing the brand into one of the largest food companies in the United States. The acquisition provided Tony's with Conagra's extensive manufacturing capabilities, national distribution network, and marketing resources, supporting the brand's continued growth and distribution expansion.

Under Conagra's ownership, Tony's has continued to operate as a value-positioned frozen pizza brand with a focus on its crispy crust heritage. The brand has maintained its core product lineup while adapting to changes in consumer preferences and the competitive frozen pizza market. Conagra has invested in the brand's manufacturing and distribution capabilities to ensure consistent product quality and broad retail availability.

The frozen pizza category has evolved significantly since Tony's founding. The introduction of rising crust, stuffed crust, and premium frozen pizza products has expanded the category beyond the value segment where Tony's has traditionally competed. According to Conagra's January 2026 Future of Frozen Food report, the U.S. frozen food market is now worth $93.5 billion, with multi-serve meals and pizzas representing roughly $12 billion in sales. Value-size frozen products account for more than 40% of frozen aisle sales, a trend that supports Tony's value positioning.

About Conagra Brands, Inc.

Is Conagra Brands publicly traded?
Yes, Conagra Brands, Inc. trades on the New York Stock Exchange under ticker symbol CAG. The company operates as an independent entity with no parent company.

Who owns Conagra Brands?
Conagra Brands is owned by institutional investors, mutual funds, and individual shareholders. The company is an independent publicly traded entity with no controlling shareholder.

What is Conagra's annual revenue?
For FY2025 (ended May 25, 2025), Conagra reported net sales of $11,612.8 million ($11.6 billion), down 3.6% from $12,050.9 million in FY2024. Organic net sales decreased 2.9%.

Who is the CEO of Conagra Brands?
Sean M. Connolly serves as President and Chief Executive Officer. He has held this position since April 2015, previously serving as CEO of Hillshire Brands and in senior roles at Campbell Soup Company.

What brands does Conagra own?
Conagra owns numerous major food brands including Birds Eye, Duncan Hines, Healthy Choice, Marie Callender's, Slim Jim, Reddi-wip, Hunt's, Orville Redenbacher's, Angie's BOOMCHICKAPOP, Banquet, Red Baron, Tony's, French's, and Libby's.

When was Conagra founded?
Conagra was founded in 1919 as Nebraska Consolidated Mills by Alva Kinney and Frank Little. The company was initially incorporated as a Nebraska corporation and reincorporated as a Delaware corporation in 1976.

How many people does Conagra employ?
As of May 25, 2025, Conagra had approximately 18,300 employees, primarily in the United States. Approximately 44% of employees are covered by collective bargaining agreements.

What is Conagra's fiscal year?
Conagra's fiscal year ends in late May. FY2025 ended on May 25, 2025. FY2026 will end in late May 2026.

What is Conagra's relationship with Walmart?
Walmart and its affiliates accounted for approximately 29% of Conagra's consolidated net sales in FY2025, up from 28% in FY2024 and FY2023. This concentration provides significant distribution scale but also creates customer dependency risk.

  • Founded: 1919
  • Headquarters: Chicago, Illinois, USA
  • Company Type: Publicly Traded
  • Stock: NYSE: CAG
  • Revenue: $11.6 billion (FY2025)
  • Employees: Approximately 18,300

Visit Conagra Brands, Inc. website

View full company profile for Conagra Brands, Inc.

Where Is Tony's Made / Based?

  • Headquarters: Chicago, Illinois, USA
  • Manufacturing / Operations: United States

Tony's Categories & Tags

Frozen PizzaFrozen FoodConvenience FoodCrispy CrustAmerican Brand

Tony's Sustainability & Ethics

Tony's operates under Conagra Brands' sustainability framework, which covers environmental stewardship, responsible sourcing, and community engagement across all product lines including the frozen pizza portfolio.

Conagra achieved a 90% waste diversion rate across its facilities, minimizing landfill waste through comprehensive recycling and waste reduction programs. Tony's production facilities participate in these waste diversion initiatives, helping reduce the environmental footprint of frozen pizza manufacturing. Conagra honored 21 production facilities as Zero Waste Champions for diverting 90% of waste materials from landfills.

In packaging sustainability, Conagra set a goal to make 100% of its current plastic packaging renewable, recyclable, or compostable. This initiative directly impacts Tony's frozen pizza packaging, as the brand works toward more sustainable packaging solutions while maintaining food safety and product freshness.

Conagra's environmental approach includes climate action, water resource management, and energy efficiency improvements across manufacturing operations. Tony's benefits from these corporate-wide initiatives through reduced energy consumption in production facilities and water conservation measures in frozen food processing.

The company maintains strict food safety and quality standards for frozen food manufacturing, with comprehensive safety protocols and quality control measures throughout the supply chain. Tony's products are manufactured under Conagra's food safety management systems, which include hazard analysis and critical control points (HACCP) systems and regular quality testing.

Conagra Brands operates under responsible sourcing practices, including sustainable agriculture programs and ethical supplier relationships. While Tony's specific ingredient sourcing is part of broader Conagra procurement, the company benefits from corporate commitments to responsible ingredient sourcing and supplier ethical standards.

The company's community engagement includes the Conagra Brands Foundation, which supports hunger relief and community development programs. In 2024, the foundation raised the equivalent of nine million meals through its Shine the Light on Hunger initiative, addressing food insecurity in communities where the company operates.

Awards & Recognition

Tony's benefits from Conagra Brands' corporate recognition for sustainability and innovation, though the brand itself has not received significant independent awards in recent years.

  • Conagra Brands Sustainable Development Awards (2024): Conagra recognized employee innovations across multiple sustainability categories including Climate Change, Packaging, Responsible Sourcing, Water Reduction, and Waste Reduction. These awards highlight the company's commitment to environmental innovation that benefits all brands, including Tony's.
  • Zero Waste Champion Facilities: Conagra honored 21 production facilities as Zero Waste Champions for diverting 90% of waste materials from landfills. While specific facility data for Tony's manufacturing is not publicly disclosed, these achievements demonstrate the company's waste diversion capabilities that support Tony's production.
  • Packaging Sustainability Recognition: Conagra Brands received industry recognition for its sustainable packaging goals and initiatives, including the commitment to make 100% of plastic packaging renewable, recyclable, or compostable. This recognition reflects positively on Tony's packaging sustainability efforts.

Tony's primary recognition comes from its long-standing market presence and consumer loyalty in the frozen pizza category, particularly in the Midwest where the brand has maintained strong consumer relationships for over six decades.

Tony's Recalls & Controversies

Tony's has maintained a relatively strong safety record with no major recalls or significant controversies reported in recent years. The brand operates under Conagra Brands' food safety and quality management systems, which help prevent product safety issues.

Food Safety Record: Tony's frozen pizzas have not been subject to major FDA or USDA recalls in recent years. The brand benefits from Conagra's food safety protocols, including HACCP systems and regular quality testing throughout the manufacturing process.

Industry-Wide Frozen Pizza Recalls: The frozen pizza category has experienced occasional recalls due to various safety concerns, though Tony's has not been directly involved in recent high-profile incidents. In late 2025 and early 2026, General Mills recalled select Pillsbury Pizza Pops products in Canada due to potential E. coli O26 contamination. This recall did not affect Tony's products.

Nutritional Considerations: Like many frozen pizza brands, Tony's faces ongoing industry scrutiny regarding sodium content, saturated fat levels, and overall nutritional profile. However, the brand has not been specifically targeted in regulatory actions or consumer advocacy campaigns beyond general industry discussions about frozen food nutrition.

Portfolio Review Uncertainty: In 2026, new Conagra CEO John Brase announced a comprehensive portfolio review that could lead to brand divestitures. While no specific plans for Tony's have been announced, the review creates uncertainty about the brand's long-term future within the Conagra portfolio. Brase indicated the company would first focus on reducing its 5,500 SKUs before determining which brands might be divested.

Consumer Health Trends: The frozen food industry, including frozen pizza, has faced headwinds from consumer health and nutrition trends favoring fresh, minimally processed foods. Tony's, like other value-positioned frozen brands, must navigate these consumer preferences, though this represents broader industry challenges rather than brand-specific controversies.

Brands Owned by Conagra Brands, Inc.

Red BaronFood Beverage

Red Baron

Owned by Conagra Brands, Inc.

Frozen pizza brand owned by Schwan's Company (a subsidiary of CJ CheilJedang), known for thin crust pizzas and quality ingredients. Named most popular frozen pizza brand in the US by Instacart in 2025.

frozen-pizzafrozen-foodconvenience-food
View all brands owned by Conagra Brands, Inc.

Tony's Ownership: Pros & Cons

Advantages

  • +Over 65 years of brand heritage in the frozen pizza category, with strong consumer recognition particularly in the Midwest where the brand has its deepest roots
  • +Conagra's national distribution network ensures Tony's availability in major grocery chains, mass merchandise retailers, and club stores across the United States
  • +The brand's crispy thin crust provides a distinctive product characteristic that differentiates it from competing frozen pizza brands and drives consumer loyalty
  • +Value pricing positions Tony's favorably during periods of consumer price sensitivity and economic uncertainty
  • +Conagra's manufacturing capabilities and supply chain management support consistent product quality and cost-efficient production

Considerations

  • -Competition from Totino's (General Mills) and Tombstone (Kraft Heinz) in the value frozen pizza segment from brands with comparable distribution and marketing investment
  • -The premium frozen pizza segment, led by DiGiorno and restaurant-branded frozen pizzas, has grown faster than the value segment, creating pressure on value-positioned brands
  • -Consumer health and nutrition trends have created headwinds for processed frozen food brands, including frozen pizza
  • -Conagra's broad portfolio means Tony's competes for marketing investment and strategic attention alongside Birds Eye, Marie Callender's, Healthy Choice, and other major brands
  • -New CEO John Brase's portfolio review and potential divestitures create uncertainty about Tony's long-term future within Conagra

Frequently Asked Questions About Tony's

Sources & Further Reading

  • Conagra Brands Fiscal 2026 Results
  • Conagra Brands Future of Frozen Food 2026 Report
  • Conagra CEO John Brase Interview, Food Dive
  • Conagra Brands Investor Relations
  • Conagra Brands Citizenship Report
  • FDA Food Safety and Recalls
  • USDA Food Safety and Inspection Service Recalls
  • Conagra Brands Sustainable Development Awards

Competitors to Tony's

These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.

BrandParent CompanyCountryFoundedMarket PositionPrimary MarketGender Target
DiGiornoDiGiorno
Nestle
Switzerland
1978
Mass marketUnited statesAll Genders
Totino'sTotino's
General Mills
USA
1951
Mass marketUnited statesAll-ages
Birds EyeBirds Eye
Conagra Brands
UK (Nomad Foods)
1929
Category leaderGlobalAll-consumers
Stouffer'sStouffer's
Nestle
USA
1924
Mass marketUnited statesAll Genders
Red BaronRed BaronSister Brand
Schwans Company
USA
1976
Mass marketGlobalAll-ages
Healthy ChoiceHealthy Choice
Conagra Brands
USA
1989
Mass marketUnited statesAll Genders

Learn More About Competitors

DiGiornoFood Beverage

DiGiorno

Owned by Nestlé S.A.

Frozen pizza brand known for its rising crust technology. Owned by Nestle S.A. since 2010. Top-selling frozen pizza brand in the United States.

frozen-pizzafrozen-foodconvenience-food
Totino'sFood Beverage

Totino's

Owned by General Mills, Inc.

Frozen pizza brand owned by General Mills, known for party pizzas and budget-friendly frozen pizza options.

frozen-pizzafrozen-foodconvenience-food
Birds EyeFood Beverage

Birds Eye

Owned by Conagra Brands, Inc.

Iconic frozen vegetable and food brand named after Clarence Birdseye, the inventor of modern quick-freeze food preservation. In the United States, Birds Eye is owned by Conagra Brands; in the UK and Europe, it is owned by Nomad Foods.

frozen-foodfrozen-vegetablesfood-brand
Stouffer'sFood Beverage

Stouffer's

Owned by Nestlé S.A.

American frozen meal brand founded in 1924 in Cleveland, Ohio, owned by Nestle S.A. since 1973. Known for comfort food classics including its signature Macaroni and Cheese.

frozen-foodfrozen-mealsconvenience-food
Red BaronFood Beverage

Red Baron

Owned by CJ Schwan's

Frozen pizza brand owned by Schwan's Company (a subsidiary of CJ CheilJedang), known for thin crust pizzas and quality ingredients. Named most popular frozen pizza brand in the US by Instacart in 2025.

frozen-pizzafrozen-foodconvenience-food
Healthy ChoiceFood Beverage

Healthy Choice

Owned by Conagra Brands, Inc.

American better-for-you frozen meal brand created by Conagra Brands in 1989 after CEO Charles Harper's heart attack, offering reduced-sodium and lower-calorie frozen entrees, bowls, and meals.

frozen-foodbetter-for-youhealthy-eating

Competitive Analysis

Market Positioning: Tony's competes with 6 brands in the same categories, ranging from mass market to luxury positioning.

Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.

Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.

Independent Alternatives to Tony's

Looking for brands with different ownership structures? These similar brands are not owned by Conagra Brands, Inc., giving you alternative choices that support different corporate structures.

Red BaronFood Beverage

Red Baron

Owned by CJ Schwan's

Frozen pizza brand owned by Schwan's Company (a subsidiary of CJ CheilJedang), known for thin crust pizzas and quality ingredients. Named most popular frozen pizza brand in the US by Instacart in 2025.

frozen-pizzafrozen-foodconvenience-food
Privately Owned

Red Baron is privately owned, unlike Tony's which is under a publicly traded parent company.

Krispy KremeFood Beverage

Krispy Kreme

Owned by JAB Holding Company

American doughnut brand founded in 1937, publicly traded on NASDAQ (DNUT) with JAB Holding as largest shareholder at 43%. Operates over 2,100 shops globally with a hub-and-spoke distribution model.

doughnutsbakeryfood-beverage
Privately Owned

Krispy Kreme is privately owned, unlike Tony's which is under a publicly traded parent company.

M&M'sFood Beverage

M&M's

Owned by Mars, Incorporated

Candy-coated chocolate confections produced by Mars, Incorporated, one of the world's best-selling candy brands since 1941.

candychocolateconfectionery
Privately Owned

M&M's is privately owned, unlike Tony's which is under a publicly traded parent company.

Milky WayFood Beverage

Milky Way

Owned by Mars, Incorporated

American nougat, caramel, and chocolate candy bar owned by Mars, Incorporated, introduced in 1923. One of the oldest candy bars still in production in the United States, with a distinct formulation difference between US and European versions.

chocolatecandy-barnougat
Privately Owned

Milky Way is privately owned, unlike Tony's which is under a publicly traded parent company.

Pop-TartsFood Beverage

Pop-Tarts

Owned by Mars, Incorporated

American brand of toaster pastries filled with various flavors, now owned by Mars, Incorporated through the Kellanova acquisition.

toaster-pastriesbreakfastsnacks
Privately Owned

Pop-Tarts is privately owned, unlike Tony's which is under a publicly traded parent company.

ZicoFood Beverage

Zico

Owned by GroundForce Capital (formerly PowerPlant Ventures)

Premium coconut water brand founded by Mark Rampolla in 2004, discontinued by Coca-Cola in 2020, and reacquired by Rampolla through PowerPlant Ventures in January 2021 as Zico Rising.

coconut-waternatural-hydrationfunctional-beverage
Privately Owned

Zico is privately owned, unlike Tony's which is under a publicly traded parent company.

Conagra Brands, Inc. Stock Information

Jobs at Conagra Brands, Inc.

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Last reviewed: August 15, 2026 · Reviewed by Who Brands Editorial Team