I listened to the webcast for third quarter results. They won’t even mention the -5% decline for snacks. They changed the subject and skip right over it and talk about the profit margin, Pringles, Eggo’s. They also sound a little uptight about the forth quarter and next year. The new CEO might be in for rough year.
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Stock down from 72 to 63 over 3 days. Cost cutting as a strategy cannot go on forever. Sales growth must return. K's strategy to do this is single serve??? That idea has been around for a decade or more.
Didn't some of any growth come from the acquisition. Not organic growth?
Well I guess it's now 12 quarters of sales decline. God the shelves and ends look like crap.
What amazed me was the cure for their troubles, was to fire 15,000 employees
What amazes me is the board let Bryant. Hang around for as long as they did. 11 straight quarters of negative sales and Bryant kept his job