Kraft Heinz

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.

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

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.

The maker of Jif Peanut Butter JM Smucker topped Wall Street estimates for its fourth-quarter profit on Thursday, sending its shares up 2%.

In the third instalment of our mentorship series, Aaron Crinion talks about the unexpected professional benefits of taking parental leave.

Kraft Heinz is currently exploring a sale of its Oscar Mayer meats business, the Wall Street Journal reported on Monday.

ABOUT US

Get the app today!