Kellogg Co. raises sales guidance, hypes cereal

Kellogg Co. was the latest in consumer goods giants to raise sales guidance after demand remained relatively elastic after numerous price hikes. The Michigan based company, who manufacturers a variety of cereals, Eggo waffles, and snacks like Cheese It, now predicts 4–5% operating profit growth-up from the 1–2% predicted earlier this year. “We feel good enough about our business,” CFO Amit Banati told…

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Eric Gardner

Eric Gardner

I write about the intersection of politics, technology and retail. Join my monthly newsletter. https://www.ericgardner.net/monthly-cpg-and-retail-newsletter/