Kellogg raises full-year outlook as following strong growth in Q1

US – American multinational food manufacturing company, Kellogg is upbeat about its full-year results after experiencing every successful first quarter. The company recorded a 5.1% net sales increase in the first quarter, following a strong performance by its cereals range and Pringles brand, particularly in Europe and the AMEA region. The company posted net sales of US$3.58 billion for the quarter, compared to US$3.41 billion the same time last year; witnessing strong growth across all regions and global categories.  The owner of Crunchy Nut and Frosted Flakes revealed that its…

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Kellogg, Tyson make new investments in capacity expansion

BELGIUM – Kellogg, an American multinational food manufacturing company, has announced a €30 million (about US$36 million) investment in its Pringles plant in Mechelen, Belgium, to boost sustainability and throughput. The facility – which is one of two Pringles plants in Europe – ships cans of the brand’s potato chips to more than 40 countries across the continent, North Africa and the Middle East. Kellogg says that the US$36million investment will be used to upgrade production lines with a new fryer to increase throughput. Additionally, the company plans to install…

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Kellogg to shut down two production lines in Ohio even as it launches a new cheese-flavoured popcorn snack

US – The Kellogg Company has announced plans to shut down two production lines at its Mariemont, Ohio, plant, in a bid to strengthen its salty snacks business. “While this would be the right thing to do for the business, it is never an easy decision to make when people are impacted,” Kellogg Spokesperson, Kris Bahner said. Bahner added that when the planned changes are complete, the Ohio plant will continue to produce a number of Kellogg cracker brands. The company will meanwhile add a new line and reconfigure another…

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Kellogg posts 25.7% rise in full year profits even as it projects slowed demand in 2021

US – The Kellogg Company enjoyed a unusually strong, Covid-related growth in 2020, resulting in 25% rise in full year operating profits. The company’s profits for the year amounted to US$1.76 billion, a strong appreciation compared to the 17.8% drop recorded in Kellogg’s last set of full-year results. The American multinational food company has however forecasted a decrease in organic net sales for 2021, as demand declines relative to the “unusually strong, Covid-related growth” of the prior year. The company recorded 6% growth in organic net sales in its 2020…

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My Corporate Journey – Sunil Patil – Kellogg-Tolaram Nigeria

Sunil Patil is the Head of Research, Quality & Technology for Kellogg-Tolaram Nigeria joint venture, the leading snacks and breakfast foods operator in Nigeria. In this interview, Patil takes us through his journey in the food industry that started out in India, his move into the food industry in Africa, his roles and responsibilities and future prospects. 1. Describe your current role, your key responsibilities, and the most critical deliverables? What are the most important skills sets in achieving success in your role? I am currently the Head of Research,…

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Kellogg records rise in Q3 sales buoyed by elevated at-home demand

US –Kellogg has reported 4.5% growth in organic net sales for its third quarter amid elevated at-home demand for products. Following the impressive results, American multinational food manufacturing company has also raised its full-year financial guidance for the second time this year. Kellogg now forecasts full-year organic net sales to rise by about 6%, revising previous guidance of an approximate 5% increase. According to a report by Kellogg, operating profit in Q3 increased by approximately 56% year-on-year to US$411 million primarily due to substantially lower one-time charges. On an organic…

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New on the shelves: Utz Foods, Dreamland Creamery, Kellogg’s, Angel’s Envy, Mamma Chia, Moshi

Food and beverage companies are always looking for better and innovative ways of providing consumers with new experiences; either by expanding or giving a twist to their product portfolio. Here are some of the new products that have made the headlines. USA – Throughout March, Portland, Oregon and Chicago, Illinois will begin seeing the new Dreamland Creamery light ice cream pop up in freezers at select local retailers. The new Dreamland Creamery light ice cream comes as a rich in protein and lower sugar product (50% less sugar than regular…

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Kellogg’s partners with Deliveroo to launch direct-to-consumer kitchen

UK – The Kellogg Company has launched a direct-to-consumer kitchen in partnership with meal delivery service Deliveroo. The cereal and snacks business has opened the Kellogg’s Kitchen Creations in East London that will be producing meals based on Kellogg’s cereals and snacks, including Coco Pop Bubble Crepes, Crunchy Nut Shake and Nutri-Grain Cheesecake Bar. The company will operate the Kitchen on a six-month trial before launching in Manchester city centre later this year, with potential for further sites in 2020. produces meals that use Kellogg’s breakfast cereals and snacks in…

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Kellogg’s reports decline in profits amid lower sales in North America

USA – Kellogg’s, the Corn Flakes and Rice Krispies owner reported a 33.4 percent decline in profits in its third quarter as net sales in its largest market, North America, declined by 6%. The company’s net sales dropped 2.8% to US$3.37 billion for the quarter, down from US$3.47 billion posted an a year earlier but slightly more than expectations from analysts polled by FactSet. The company’s performance on a year-over-year basis was also impacted by planned divestitures and adverse currency volatility. However, organic sales from North America frozen foods segment rose…

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Kellogg accelerates global sustainable packaging efforts ahead of 2025 commitment

USA – The Kellogg Company has released a recent update on its global packaging ambitions as the company works towards ensuring its packaging are 100 percent reusable, recyclable or compostable by the end of 2025. Led by Nigel Hughes, Senior Vice President of Global Research & Development at Kellogg, the company notes that it has developed cutting edge innovation around its sustainable packaging ambitions. As part of this quest, the company claims that already more than 97 percent of its timber-based packaging that goes into cereal and other boxes comes…

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