Kellogg’s Pricier Cereals Help Bolster Sales, Profit Forecasts

Kellogg’s Pricier Cereals Help Bolster Sales, Profit Forecasts
Kellogg's cold cereal products in a market in New York on June 21, 2022. Mike Segar/Reuters
Reuters
Updated:

Kellogg Co. raised its forecast for full-year earnings on Thursday after topping estimates for quarterly sales, as higher prices for its breakfast cereals and snacks helped it overcome cost-related challenges.

The company recently announced a three-way breakup to create businesses focused on snacks, cereals, and plant-based meat.