Kellogg will eliminate artificial colors from all cereals by year-end 2026, ahead of the prior 2027 target. The change uses fruit- and vegetable-based juices to maintain hues and includes removing BHT with new processing equipment. The move strengthens ESG credentials and could boost brand perception, though near-term reform costs may weigh margins.
Kraft Heinz plans to split into two separately traded companies by 2026. Steve Cahillane will lead Global Taste Elevation post-split, focusing on growth brands. Former CEO Carlos Abrams-Rivera will advise until March 6, 2024. John Cahill is appointed chair of the board, succeeding Miguel Patricio.
Kellanova missed profit estimates due to declining demand for breakfast items and snacks. Macroeconomic uncertainty is adversely affecting consumer spending patterns.