Kellogg Company has reported its net sales increased nearly 4% YOY for the quarter ended December 30, driven in part by the acquisition of protein bar maker RXBAR.
Credit Suisse has removed Kellogg from its US Focus List after downgrading the food stock to Neutral over concerns that growth at the Kellogg Company isn’t keeping up with peer
Kellogg has bid for a 51% stake in Egyptian biscuit and breakfast cereal firm BiscoMisr, according to a filing in Egypt’s stock exchange – a move which would makes sense, according to an analyst.
The Bakery, Confectionery, Tobacco Workers and Grain Millers International Union (BCTGM) has called on Kellogg shareholders to conduct a human rights risk assessment of the business; claiming Kellogg was in violation of such rights with its Memphis lockout.
The Kellogg Company has pledged to source fully traceable palm oil by the end of next year, a move that has been welcomed by NGOs that have been fighting for the cereal giant to change its policies for months.