www.globaldata.com
Open in
urlscan Pro
54.73.176.75
Public Scan
Submitted URL: https://d377b-04.eu1.hubspotlinks.com/Ctc/2O+113/d377b-04/VWJ40M2-chFZW83kh0m7JtgT3VSnzBh5jrZhXN3ypqFl5n4LbW6N1X8z6lZ3m2VZHpVj51PjF2W4...
Effective URL: https://www.globaldata.com/newsletter/details/wk-kellogg-to-close-one-plant-reduce-production-at-another_176787/?utm_campai...
Submission: On August 08 via manual from IN — Scanned from DE
Effective URL: https://www.globaldata.com/newsletter/details/wk-kellogg-to-close-one-plant-reduce-production-at-another_176787/?utm_campai...
Submission: On August 08 via manual from IN — Scanned from DE
Form analysis
1 forms found in the DOMGET https://www.globaldata.com/store/
<form action="https://www.globaldata.com/store/" method="get" id="solr_facet">
<div class="main-menu-report">
<div class="input-group search">
<input type="text" class="input-group-field ui-autocomplete-input search" tabindex="1" id="main_search_field" name="s" placeholder="Search" autocomplete="off" value="">
<div class="input-group-button">
<button type="submit" class="button" id="btncompanyname">
<i class="gd-ico gd-magnif" style="padding-top:20px"></i>
</button>
</div>
</div>
</div>
</form>
Text Content
* Visit Corporate Site Sign in Search Menu * Sign In * Who We Are * WHO WE ARE Your powerful market insights platform. Book a demo * Mission & Values * Clients * Media * People * Why GlobalData * Resource Center * CSR * Partners * Careers * History * Investors * Industries We Cover * INDUSTRIES WE COVER Your curated industry news round-up. Subscribe now * Aerospace, Defense & Security * Agribusiness * Apparel * Automotive * Banking & Payments * Construction * Consumer * Foodservice * Healthcare * Insurance * Medical Devices * Mining * Oil & Gas * Packaging * Pharmaceutical * Power * Public Sector * Retail * Technology * Travel & Tourism * Sport * * Who We Serve * WHO WE SERVE Build your customized intelligence tool. Book consultation CORPORATES * C-Suite * Innovation and R&D * Market and Competitive Intelligence * Strategic Planning & M&A * Marketing * Business Development FINANCIAL INSTITUTIONS * Investment Banking * Equity Research * Investment Management * Private Equity & Venture Capital PROFESSIONAL SERVICES * Management Consulting * Legal & Accounting OTHER * Academia * Government * Media & Advertising * What We Offer * WHAT WE OFFER Actionable sector insights & forecasts. Browse reports INTELLIGENCE CENTERS * Market Intelligence * Thematic Intelligence CONSULTANCY * Custom Solutions MARKETPLACE * Report Store * Company Profiles * Direct Data Services * Newsletters * Free Intelligence * Home * Newsletters * Consumer DECODED * Current: CONSUMER DECODED Latest edition: 07 Aug 2024 Share article Get the full version straight to your inbox. Exclusive access to our best-in-class data & intelligence Subscribe now * Share on Twitter * Share on LinkedIn * Share via Email * Copy Link Go to today's edition of the newsletter WK KELLOGG TO CLOSE ONE PLANT, REDUCE PRODUCTION AT ANOTHER The Omaha plant will shut by the end of 2026 while production will be scaled back at its Memphis facility, starting from late 2025. US cereal giant WK Kellogg has announced plans to close its Omaha, Nebraska, plant and scale back production at its Memphis facility in Tennessee. It said the plans are consistent with a supply chain modernisation strategy announced at an investor day event last August. The Omaha plant will shut by the end of 2026, while production will be scaled back at its Memphis factory starting from late 2025. The reorganisation will reduce the company’s headcount by more than 17%, around 550 people. At the same time, the Raisin Bran, Special K and Frosted Flakes maker is planning to increase production at its Battle Creek, Michigan; Belleville, Ontario; and Lancaster, Pennsylvania plants, with planned spending of about $450m to $500m. The reorganisation is expected to result in cumulative restructuring pre-tax charges of between $230m and $270m. In a statement accompanying the release of its Q2 results yesterday (6 August), CEO Gary Pilnick said: “Today’s announcement regarding modernising our supply chain marks a significant step forward in executing our strategy and enhancing WK Kellogg Co.’s long-term strength and resilience. “These actions will help transform our supply chain and will allow us to enhance our production across a more reliable, agile, and cost-effective manufacturing network, supporting top-line delivery and driving margin expansion.” WK Kellogg, the North America cereal business of packaged food giant Kellogg before it was spun off last October, posted sales of $672m for the second quarter, down 3.9% year-on-year. Net income was up from $27m to $31m but adjusted EBITDA was down from $89m to $78m. The company forecast 2024 adjusted net sales to come in at the lower end of its prior forecast range of 1% growth to a 1% decline. In February, Kellanova, the other company resulting from Kellogg’s spin-off of operations last year, set out plans to close two factories in North America and Europe as part of efforts to drive efficiency and increase productivity. 10TH SPIRITS STRATEGIES AND INNOVATION CONFERENCE 2024 Join us to explore innovations across the spirits industry with insights from Diageo, Moët Hennessy, and more, covering consumer behaviour, sustainability, trends, and technology. Register Now EXPLORE COMPANY PROFILES Deep dive into the leading companies across your sector, uncover the drivers behind their success, and get instant access to financial data & analysis. Start Your Search IN OUR PREVIOUS EDITION Consumer Decoded TREASURY WINE ESTATES TO OFFLOAD COMMERCIAL PORTFOLIO 06 Aug 2024 Consumer Decoded AB INBEV'S “ENCOURAGING” FIRST-HALF - KEY TAKEAWAYS 05 Aug 2024 Consumer Decoded IF US WHISKEY GLUT DOES EMERGE, MAJOR DISTILLERS WILL BE FINE - BUT SMALL MAY SUFFER 02 Aug 2024 NOT SUBSCRIBED? GET OUR DAILY INDUSTRY NEWS ROUND-UP Give your business an edge with access to the latest insights for your sector. Sign Me Up NEWSLETTERS IN OTHER SECTORS Aerospace, Defence & Security Germany's GEM-T missile deal to replenish air defence stockpile 07 Aug 2024 Apparel Explainer: What trends do US apparel imports reveal halfway through 2024? 07 Aug 2024 Automotive In data: India light vehicle market hits 5m annualised sales rate 07 Aug 2024 Construction Works begin on new waste management facilities in Walsall 07 Aug 2024 Consumer Celsius Holdings reports growth amidst energy category “slowdown” 07 Aug 2024 Explorer In data: India light vehicle market hits 5m annualised sales rate 07 Aug 2024 Foodservice Portillo's pilots self-service kiosks in Chicago, US 07 Aug 2024 Healthcare New bed tower expansion opens at CommonSpirit St Anthony North Hospital 07 Aug 2024 Insurance King Insurance Partners acquires Lincoln Insurance Group 07 Aug 2024 Medical Devices Life science credit company Symbiotic Capital launches with $600m 07 Aug 2024 Mining Global market sell-off of metal caused the price of gold to fall by 1% 07 Aug 2024 Oil & Gas UK election: Labour's win sparks debate over North Sea oil workers' future 07 Aug 2024 Packaging SMA Nutrition breaks new ground with accessible packaging 07 Aug 2024 Pharma Pharma casts a wide net to hook opportunities in metabolic disorders 07 Aug 2024 Power US DOE makes $2.2bn grid investment for resilience and expanded capacity 07 Aug 2024 Retail Riots inflict heavy toll on UK retail 07 Aug 2024 Sport Liga Forte União clubs set for major domestic deal with Record 07 Aug 2024 Technology US judge rules Google’s search monopoly is illegal 07 Aug 2024 Travel and Tourism Host Hotels posts 13.8% year-on-year profit growth in Q2 2024 07 Aug 2024 EXPLORE OUR MARKET-LEADING INTELLIGENCE CENTERS Request Demo -------------------------------------------------------------------------------- * Hot Topics * Terms & Conditions * Privacy Policy * Contact Us * Sitemap * Modern Slavery Statement -------------------------------------------------------------------------------- Top of page © GlobalData Plc 2024 | Registered Office: John Carpenter House, John Carpenter Street, London, EC4Y 0AN, UK | Registered in England No. 03925319 SEARCH OUR PREMIUM DATA × Still looking? Search companies, themes, reports, as well as actionable data & insights spanning 22 global industries Search site Continue on page × Explorer Access more premium companies when you subscribe to Explorer Find out more Close ×