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| Name | Consumers feeling inflation pain pull back on name-brand food |
| Video Uploader | Video From Yahoo Finance |
| Upload Date | This Video Uploaded At 08-05-2024 02:00:10 |
| Video Discription | WK Kellogg (KLG) posted its first-quarter earnings report revealing the food manufacturer's results were largely in line with analyst expectations, especially in its bottom-line gains of $0.37 per share. The company also shared that net sales for the quarter fell 2% from a year ago while its volume fell by 7%, suggesting consumers are pulling back. Yahoo Finance's Seana Smith joins Wealth! to break down the latest development for WK Kellogg, tying back the cereal maker's performance to comments on the US consumer made by top executives of other premier food brands, including Kellanova (K) CEO Steve Cahillane, Mondelēz (MDLZ) CEO Dirk Van de Put, and Starbucks (SBUX) CFO Rachel Ruggeri. #youtube #stockmarket #stocks About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance |
| Category | News & Politics |
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