Kellogg Company announced last week that it is helping fund sustainable palm oil production through purchasing GreenPalm certificates covering 100 percent of its global palm oil use. Today, GreenPalm estimates that only six percent of the current global supply of palm oil is sustainably grown. The Roundtable on Sustainable Palm Oil (RSPO) continues to work toward the development of a consistent and sufficient supply of segregated, sustainably grown palm oil, however, it is currently not available... ...Read more »

Kellogg has played down the significance of declining fourth-quarter sales volumes, which came in spite of the cereal giant’s increased investment in advertising during the period.The world’s largest cereal maker posted a 1.7% drop in fourth-quarter earnings yesterday (4 February) after revenue fell 1% on the back of a 1.4% decline in volumes. Nevertheless, speaking on a conference call to analysts, management insisted that the group’s strategy to drive brand value through increased... ...Read more »

The world’s largest cereal maker has reported a net sales decline of two per cent for 2009, although cost reduction strategies helped them to a record profit. Reported earnings for full-year 2009 were $1.2 billion, an increase of 6 per cent from full-year 2008 of $1.1 billion – the figures failed to meet Wall Street’s expectations, however. “We continued our momentum in 2009, delivering another year of growth despite facing one of the most challenging economic environments... ...Read more »

Consumer product firms Kellogg Company and Unilever have announced changes at the head of their organisations, with cereal group Kellogg advising of their new Chief Financial Officer while Unilever reported the resignation of theirs. Unilever said that its CFO, James Lawrence, has decided to resign from the boards of the maker of Streets and Lipton at the end of the year, just over two years after joining the firm. “It’s been an excellent time for me and I have made many good friends... ...Read more »

Kellogg said today (12 November) that it has seen the pace of its net sales growth moderate over the past year, with expansion held back by limited opportunities in high-growth, emerging markets. Speaking at the group’s investor day, Kellogg CEO David Mackay said that the group had seen slower top-line growth this year than in the previous four years due to the cyclical nature of the market, which has seen the cereal giant pushed through fewer price increases. The company expects sales growth... ...Read more »

The world’s largest cereal maker, Kellogg Company, has reported a year-on-year 6% surge in earnings for the third quarter but sales were down slightly due to the impact of foreign currency translation. “The current economic environment has placed significant pressure on our consumers,” David Mackay, Kellogg Company CEO, said. “However, the environment also provided us with both the incentive and the opportunity to build an even stronger company for the future. We are aggressively... ...Read more »

Kellogg Company, the world’s largest cereal maker, has reported a strained relationship with a key Australian retail customer – either Coles or Woolworths – during a conference call following the release of better-than-expected results. The manufacturer did not say which chain they were having difficulties with, but advised that there was an “issue” with one of the two major chains down under. “In Australia, we were negatively impacted by challenging negotiation... ...Read more »

Kellogg Company has posted double-digit growth in second quarter, surpassing expectations of analysts as private label growth begins to slow. David Mackay, Kellogg’s Chief Executive Officer, said the cereal manufacturer had so far managed to efficiently negotiate challenging conditions and ongoing cost pressures. “We remain committed to delivering sustainable and dependable performance as we work through the current tough economic environment,” he said. “This focus continued... ...Read more »

Kellogg Company, the world’s leading producer of cereal, has announced that it will add fibre to many of its ready-to-eat cereals in the US and Canada. In recognition that fibre is an important nutrient, and building on the company’s 100-plus year commitment to fibre, it proposes, by the end of 2010, nearly 80 percent of its US ready-to-eat cereals will be at least good to excellent sources of fibre. David Mackay, Chief Executive Officer of Kellogg says that the announcement is progress... ...Read more »

Kellogg Company, the world’s largest cereal maker, reported higher first quarter profits overnight, as more consumers opt for low cost ‘at-home’ breakfast options. First quarter net sales decreased 3% to $3.2 billion (A$4.4b), but internal net sales growth, which excludes the effects of foreign currency translation and acquisitions, rose a robust 4%. The producer of Corn Flakes and Coco Pops advised that their relatively recession-resistant product range and strong focus on cost... ...Read more »