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January 17, 2021

KELLOGG

Kellogg to quit selling RXBAR in the UK

FoodBusinessNews
by FoodBusinessNews01
LONDON — Kellogg Co. has announced plans to cease production of its RXBAR brand in the United Kingdom, a little more than two years after entering the market. Kellogg said it still intends to market the product in the United States and Canada. “Kellogg is proposing to close its UK......
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Credit Suisse lowers Kellogg outlook to ‘neutral’

FoodBusinessNews
by FoodBusinessNews01
NEW YORK — Credit Suisse in a Nov. 23 research note downgraded Battle Creek, Mich.-based Kellogg Co. to “neutral” from “outperform,” while also lowering the company’s 2021 earnings-per-share estimate to $3.95 from $4.10. In issuing its revised outlook, Credit Suisse research analyst Robert Moskow said the credit agency now expects......
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While not as fast, Kellogg business still growing

FoodBusinessNews
by FoodBusinessNews011
BATTLE CREEK, MICH. — While not the eye-popping numbers recorded earlier in the year, The Kellogg Co. continued to enjoy strong growth in the third quarter, said Steven A. Cahillane, chairman and chief executive officer.  During the quarter, the company gained share in most of its primary US categories. Kellogg......
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