Kellanova: Not Taking A Bite Of The Snack Business Yet
KKellogg(K) Seeking Alpha·2024-06-13 04:52

jetcityimage/iStock Editorial via Getty Images In the fall of last year, the former Kellogg's Company split up the business in two: Kellanova (NYSE:K) and WK Kellogg Co (KLG). The latter comprised a nearly 3billionandsomewhattroubledcerealbusiness,andhasbeenspunoffbyKellanovaastheremainingentitytoimprovethegrowthprofileoftheremaining3 billion and somewhat troubled cereal business, and has been spun off by Kellanova as the remaining entity to improve the growth profile of the remaining 13 billion business. Benefitting from a better positioning, Kellanova has been struggling somewhat itself as well with inflationary pressures, result ...