Kellogg Co., a manufacturer of cereals, snacks and the owner of the Pringles brand, had revenue of $ 2021 billion in the second half of 7,14. earned $ 6,88 million.
Kellogg Co. for the second financial quarter, which ends on July 3, 2021, amounted to $ 380 million.The indicator for the same period last year was $ 351 million.
The company is recording an increase in snack sales in its home market in the United States, where Kellogg products are represented by Pringles, Cheez-It, Pop-Tarts and a number of others. At the same time, the manufacturer notes a decrease in cereal consumption in the United States.
Amit Banati, CFO of Kellogg Co., noted in the company's six-month report that the manufacturer's main problem now is a shortage of labor, especially in distribution and logistics. This can lead to the disruption of supply chains around the world.