USA: Kellogg To Use New Model For Snacks Business
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.
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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