Kellanova posts upbeat Q1 results as demand held steady [Reuters]
ConAgra Brands, Inc. (CAG)
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Source: Reuters
by higher prices and firm demand for its breakfast cereals and ready-to-eat snacks. The Rice Krispies maker's shares were up nearly 2% in premarket trading. Kellanova, which rebranded itself late last year, is known for its diverse portfolio of brands like Grahams Crackers, Nutri-Grain breakfast bars and frozen food like Morningstar Farms. The company, like other major brands in the packaged food industry, has ramped up prices, banking on the popularity of its premium products among consumers, particularly in North America. Despite price increases and sticky inflation, consumers remain loyal to their favorite snack brands, shunning cheaper alternatives. Kellanova, also home to internationally recognized cereal brands such as Frosties and Special K, said its prices rose by 8.5% in the quarter, while organic sales volumes fell 3.1%. The strong results echo sentiments from packaged food peer Conagra Brands that posted upbeat quarterly results last month, helped by a in demand
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CAG
Earnings
- 4/4/24 - Beat
CAG
Sec Filings
- 5/6/24 - Form 4
- 5/1/24 - Form 8-K
- 4/30/24 - Form 8-K
- CAG's page on the SEC website