Consumer Interest in Health and Wellness Brands
Notable rapid acceleration in consumer interest in health and wellness brands within the ready-to-cereal category, marked by new product launches like the Kashi relaunch and mainstream brand campaigns focusing on fiber.
Strategic Adjustments in Manufacturing
Adjusted manufacturing plans to align with revised demand forecasts, expected to stabilize gross margin performance in the back half of the year.
Distribution Gains and Strategic Investments
Incremental investment in brands and distribution gains in key channels are expected to positively impact the top line in the back half of the year.
Supply Chain Modernization on Schedule
The supply chain modernization program is on schedule and on budget, with two of the eight work streams completed, expected to deliver significant gross margin improvements by 2026.