The cereal giant reported a 2% drop in net sales, but CEO Jeff Harmening emphasized the slow-but-steady growth of its cereal, yogurt and snacks divisions in North America retail.
YAAR has seen demand rise for its on-the-go dairy snacks with a listing in Ocado, four months after launching in Sainsbury’s and Whole Foods Market, in the UK.
Indian company Parag Milk Foods Ltd, a manufacturer and marketer of dairy-based branded foods in India, recently launched two ready-to-eat Indian desserts, Gulab Jamun and Rasgulla, made from pure cow ghee and cow milk under the brand Gowardhan.
The Betty Crocker maker reported a better-than-expected fourth-quarter profit, but also announced it was axing 625 jobs to reduce costs amid slowing sales of its bakery and yogurt products.
