Kellanova’s ramped up commercial activity is paying off – helping the snack giant drive higher volume and sales amid challenging macro and industry conditions, which in turn helped convince retailers to accept price hikes, smaller pack sizes and other revenue growth management strategies, executives reported yesterday during the company’s first quarter earnings call.
Kellanova’s ramped up commercial activity is paying off – helping the snack giant drive higher volume and sales amid challenging macro and industry conditions, which in turn helped convince retailers to accept price hikes, smaller pack sizes and other revenue growth management strategies, executives reported yesterday during the company’s first quarter earnings call.
Shares of packaged foods company Kellanova (NYSE:K) jumped 8.2% in the morning session after the company reported first-quarter results, which blew past analysts' organic revenue growth expectations. Its EPS also outperformed Wall Street's estimates. The topline endured headwinds driven by FX volatility as well as the divestiture of its business in Russia. On the other hand, its gross margin missed analysts' expectations, and its operating margin missed Wall Street's estimates. Zooming out, we t
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