May 09, 2024 · 📺 Yahoo Finance
Yahoo Finance Executive Editor Brian Sozzi is joined by Kellanova Chairman, CEO, and President Steve Cahillane to discuss the Pop-Tart movie starring Jerry Seinfeld the company's latest earnings report and shrinkflation. Cahillane shares an example of the company's efforts to consider the customer and inflation when downsizing products: "If you think about from a consumer standpoint, if the magic price point for a consumer for a snack is, say, $1 and it used to cost $0.70 to make that product, but now it costs us $0.90 to make the product, clearly you can't continue to sell it for $1, so you…
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