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Retail & ConsumerResilient demand for snacks helps Kellogg raise annual forecasts
Reuters
2 minute read
The company logo and ticker symbol for The Kellogg Company, is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 22, 2019. REUTERS/Brendan McDermid
Kellogg Co (K.N) raised its annual forecasts on Thursday after posting better-than-expected revenue and profit, signaling that the pandemic-induced surge in demand for its cereals and snacks has not weakened even as the U.S. economy reopens.
Fresh curbs in several parts of the world, including France, the United Kingdom and parts of Asia early this year have also helped demand as consumers stuck at home indulged in snacks.