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USA: Kellogg To Use New Model For Snacks Business

USA: Kellogg To Use New Model For Snacks Business

Febrero 10, 2017

Autor/Fuente: Seeking Alpha 👤Periodista: María Alejandra Lopez 🕔10.Feb 2017

 

Kellogg (NYSE:K) announces that it will exit the direct store delivery network model for its U.S. snacks business to transition to a warehouse model.

The transition will begin in Q2 and should be completed by Q4.

Read Also: How Amazon could shake up the mobile payment industry

The company expects the switch to help bring the operating profit margin of the U.S. snacks business in line with that of Kellogg North America.

Shares of Kellogg are up 0.29% premarket to $73.70.

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