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Kellogg Raises Outlook After Quarterly Sales Rise

News Center 156 August 4, 2022

As inflation climbs in the U.S., rising food and energy costs have pushed the nation’s most popular price index to its highest level in four decades. WSJ’s Gwynn Guilford explains how the consumer-price index works and what it can tell you about inflation. Illustration: Jacob Reynolds

By Annie Gasparro and Connor Hart

Kellogg lifted its outlook for the year and said consumer demand held up despite the cereal company raising its prices in recent months.

The maker of Pop-Tarts and Pringles said Thursday that charging more for its food helped the company offset higher costs for ingredients, trucking and labor. Kellogg also said it faced supply shortages in the second quarter.