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"Kellogg's CEO Sparks Controversy by Suggesting Cereal for Dinner to Save Money"

Kellogg's CEO Gary Pilnick suggested promoting cereal for dinner as an affordable option for cash-strapped consumers facing soaring food prices, sparking backlash on social media for being tone-deaf. With Americans spending the highest portion of their income on food in 30 years, the CEO's comments have drawn criticism, especially considering the significant price increases for groceries and restaurant meals since the start of the pandemic. The pushback reflects consumer frustration with rising food prices and corporate insensitivity, as well as a broader trend of social media users expressing discontent over the cost of everyday items.

1 year ago•Source: CNN

Fast Food Customers Push Back Against Price Hikes, Demand Affordability

business-consumer-trends

3.425 min•1 year ago

Fast Food Customers Push Back Against Price Hikes, Demand Affordability

Fast-food drive-thru customers are feeling the pinch of inflation as food companies pass on higher costs, leading to decreased sales and consumer dissatisfaction. McDonald's and Yum Brands are experiencing weaker growth, prompting a shift towards affordability. Consumers are opting for cheaper groceries and cooking at home, while fast-food chains like Taco Bell are emphasizing value menus. Inflation-weary diners are prioritizing cost and convenience, prompting fast-food companies to reevaluate their offerings and pricing strategies.

via NBC News

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"Kellogg's CEO Sparks Controversy by Suggesting Cereal for Dinner to Save Money"

Fast Food Customers Push Back Against Price Hikes, Demand Affordability

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