Kellanova: Not Taking A Bite Of The Snack Business Yet
Kellogg(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 $3 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, re ...