Kellogg Co. raised its sales outlook for the full year even as it tackles inflationary pressures, supply-chain issues and a labor strike by some of its employees.
The cereal and snack maker behind Pop-Tarts, Frosted Flakes and Rice Krispies on Thursday said it expects organic net sales—which exclude the effect of acquisitions, divestitures, foreign currency and differences in shipping days—to rise 2% to 3% in fiscal 2021. That is up from the company’s prior guidance of flat-to-1% growth in organic net sales.
