July 31- Kellogg Co, the world's largest maker of breakfast cereal, cut its full-year adjusted sales and profit forecasts as demand for its Corn Flakes and Special K cereals continued to wane in the United States, its biggest market.
July 31- Kellogg Co, the world's largest maker of breakfast cereal, reported its fifth straight decline in quarterly U.S. cereal sales and said it no longer expects full-year internal sales to rise. The company cut its adjusted earnings forecast for the year ending December to between $3.81 and $3.89 per share from between $3.89 and $3.97.
But Kellogg is also dealing with problems and missteps specific to some of its most popular brands. In a phone interview, Kellogg CEO John Bryant noted that people are now more interested in foods that provide nutritional benefits, rather than those that simply keep their calorie counts down.
MEMPHIS, Tenn.— A judge has ordered the Kellogg Co. to put employees at its Memphis, Tennessee, cereal production facility back to work. Contract negotiations between the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union and Kellogg failed in October.
Dennis Gartman of "The Gartman Letter" says a large grain crop is bullish for food stocks.
Here are three ways Americans are taking a different approach to breakfast. Who may be the winners and losers of the shift?
*Stakeholders include private equity firms CVC Capital and CD&R. Univar sources chemicals from over 8,800 producers worldwide, including Dow Chemical Co, Exxon Mobil Corp and Eastman Chemical Co.. The company, which gets more than half of its revenue from the United States, listed Akzo Nobel, Kellogg Co, Ecolab Inc and FMC Corp among its customers.
Before you put your next dollar in stocks, Cramer would like a word about cyclical versus secular stocks.
June 25- General Mills Inc, maker of Cheerios cereal and Betty Crocker baking products, said it would launch healthier products and revamp and promote its existing ones to revive sales that have slipped for three straight quarters.
General Mills reported a 10.4 percent rise in quarterly profit, helped by lower costs.
June 18- ConAgra Foods Inc warned that its adjusted fourth-quarter profit would be lower than its forecast, as the company struggles with its big push into private-label foods and sales fall in its consumer foods business. The company's shares fell as much as 7.4 percent to $30.41 on the New York Stock Exchange on Wednesday.
PARIS, June 18- The world's top food and drink companies announced a raft of measures on Wednesday to try to improve the industry's image, including stopping advertising junk food to children by 2018, harmonizing nutritional labeling and fighting deforestation.
Hampton Creek Foods plans to crack the caged-egg industry, replacing an unhealthy, inhumane agricultural system with plant-based 'eggs.'
TV spots for detergents and cars may be a thing of the past if BrightRoll connects more websites and companies in deals for digital ads.
KUALA LUMPUR, June 16- The storm of bad publicity that hit confectioner Cadbury in Malaysia after its chocolates tested positive for traces of pork highlights the costly, religious minefield food companies must navigate as they rush to tap the surging $1 trillion global halal market.
Get out your Walkman! Cramer thinks a money making trend popular in the 1980s is about to surface again.
The Environmental Working Group, a Washington, D.C.- based health information non-profit, said its report covers more than 1,500 cereals, including 181 marketed to children. "But there is a lot that manufacturers can be doing and FDA can be doing, to protect kids." The group said one of the worst offenders is Kellogg Co.' s Honey Smacks, with 56 percent sugar by weight.
Kellogg shares are up roughly 10 percent this year amid speculation Buffett might acquire the company, but not everyone is sure it's a good idea.
Is Kellogg on Warren Buffett's shopping list? Scott Rothbort, Lake View Asset Management president, and Mark Hake, Hake Capital Management, debate whether Kellogg is Buffett's kind of company.
CNBC's Dominic Chu reports Warren Buffett's Berkshire Hathaway may have an interest in buying Kellogg. Chu breaks down the characteristics of Kellogg.