Consumers Still Buying Premium Cereal, WK Kellogg's Says - MarketTalk

Dow Jones

2024-11-08

11:20 ET -- WK Kellogg said its premium cereal segment continues to deliver strong growth, despite the fact that consumers are seeking value. The cereal company's premium granola line, Bear Naked, also is growing, Chief Executive Gary Pilnick said on Thursday's call with investors. WK Kellogg's stock rose nearly 12% in Thursday morning trading after the company raised its outlook for the current fiscal year and posted stronger-than-expected quarterly sales. (roshan.fernandez@wsj.com)

(END) Dow Jones Newswires

November 07, 2024 11:20 ET (16:20 GMT)

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The cereal company's premium granola line, Bear Naked, also is growing, Chief Executive Gary Pilnick said on Thursday's call with investors. WK Kellogg's stock rose nearly 12% in Thursday morning trading after the company raised its outlook for the current fiscal year and posted stronger-than-expected quarterly sales. 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