Kellogg posts $293m net loss - Special K and Kashi drag down business
Kellogg’s 136% profit plunge for the fourth quarter (Q4) is disappointing and can mainly be attributed to continued poor performances in Special K and Kashi, its CEO says.
Archives for February 13, 2015
Whole Foods digital presence “low-risk” strategy to boost sales
Whole Foods Market continues to evolve in the face of increased competition and gain market share by responding to consumers’ changing shopping habits with a broad online presence that is gaining traction.
Kraft CEO: Increased promotional spending has not resulted in volume lift or sales growth
While Kraft Food Group’s growth outpaced that of many rivals in Q4 with organic revenue growth of 3.4% vs North America food and beverage industry growth of 2.4%, 2014 as a whole was “difficult and disappointing”, said new chairman and CEO John Cahill.