A-Brands

WK Kellogg To Streamline Production As Slowing Demand Pressures Sales

WK Kellogg plans to completely shut down its Omaha, Nebraska plant by the end of 2026 as part of a reorganisation of the business.

Kellanova raised its annual organic sales and profit forecasts on Thursday as consumers opted for its products despite higher prices.

Hershey cut its annual profit forecast on Thursday and posted a near 17% drop in quarterly sales, highlighting cautious consumer spending.

Kraft Heinz slashed its organic sales forecast for 2024 on Wednesday after missing quarterly revenue estimates.

Mondelēz International missed expectations for second-quarter revenue on as budget-conscious customers opted for lower-priced alternatives.

Danone beat second-quarter sales expectations on Wednesday, boosted by higher sales volumes as price hikes slowed.

Kenvue beat Wall Street estimates for second-quarter profit and revenue on Tuesday helped by strong sales in its essential health unit.

Shares at Kellanova surged 18% in early trading on Monday after a Reuters report said Mars was exploring a potential buyout of the company.

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