Consumers had been lured away from cereal aisles in recent years by a fast-growing menu of other exciting breakfast options, at restaurants and home. The...
General Mills’ Honey Nut Cheerios remains the top-selling cereal in the U.S., with the Golden Valley-based company’s Cinnamon Toast Crunch in second.11:50 AM on Dec 29, 2021 CST
But as lockdown stockpiling eased from their heightened levels, sales slipped this year to $8.66 billion, according to IRI, a Chicago-based market research firm. Over 52 weeks ending Oct. 31, General Mills sold $2.85 billion worth of cereal in the U.S., according to IRI. That was 4.4% lower than the year before, but sales fell further among its largest competitors, Kellogg Co. and Post Consumer Brands.
Private label, as the often less-expensive store brands are collectively known, saw a 15% drop in sales over the past year even as inflation caused a spike in food prices. The company in November blamed supply chain disruption for its slower cereal sales, which represent 20% of Kellogg’s global business.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
COVID-19 Pandemic Has Had Rough Impact On Pharmacists, Only Intensified By Omicron VariantCOVID-19 testing, vaccines, prescriptions – during this almost two-year pandemic, pharmacy workers are carrying a heavy load, and the stress is showing.
Read more »
US sets new record for highest number of COVID-19 cases per dayThe CDC has released its daily COVID-19 data early again to show that the U.S. is now averaging more cases than at any other point in the pandemic.
Read more »
US sets new record for highest number of COVID-19 cases per dayThe CDC has released its daily COVID-19 data early again to show that the U.S. is now averaging more cases than at any other point in the pandemic.
Read more »
US sets new record for highest number of COVID-19 cases per dayThe CDC has released its daily COVID-19 data early again to show that the U.S. is now averaging more cases than at any other point in the pandemic.
Read more »
New Business-Friendly CDC Guidance on Isolation for People With Covid-19 Is 'Reckless,' Experts Say'We cannot allow pandemic fatigue to lead to decisions that extend the life of the pandemic or put policies on the backs of workers.' FlyingWithSara
Read more »
LeBron James Opens Up About Eventual RetirementLeBron James hasn't shown any signs of slowing down this season, but it isn't lost on the four-time NBA MVP that he is “on the other side of the hill”
Read more »