Current:Home > NewsShoppers call out Kellogg CEO's 'cereal for dinner' pitch for struggling families -EquityExchange
Shoppers call out Kellogg CEO's 'cereal for dinner' pitch for struggling families
View
Date:2025-04-17 18:33:24
Kellogg's year-old campaign promoting "cereal for dinner" got some new life last week after the company's CEO, Gary Pilnick, mentioned it seems to be "landing really well" with American consumers.
His remarks, made in a live interview with CNBC, caught the attention of some shoppers whose response has been anything but grrreat.
"Advertising cereal for dinner" is a way to deal with the steep cost of groceries right now," Pilnick said. "If you think about the cost of cereal for a family versus what they'd otherwise do, that's going to be much more affordable."
The interview followed news from the Wall Street Journal that showed Americans spending 10% or more of their income on food, the most they have in 30 years. Previous reporting from USA TODAY highlights that the average family is spending more than $1,000 on groceries each month.
"The cereal category has always been quite affordable," Pilnick said. Kellogg, which owns cereals like Frosted Flakes, Froot Loops, Corn Flakes and Raisin Bran, "tends to be a great destination when consumers are under pressure," Pilnick said, adding that the price of cereal with milk and fruit "is less than a dollar."
Protect your assets: Best high-yield savings accounts of 2023
Pilnick was asked if he thought his comments would sit well with Americans. "It's landing really well," Pilnick said, showing that 25% of cereal consumption is outside of the "breakfast window" anyway.
"Cereal for dinner is something that is probably more on trend now, and we would expect to continue as that consumer is under pressure."
Consumers react to Pilnick's 'cereal for dinner' remarks
The "cereal for dinner" campaign, which ends with the slogan: "give chicken the night off,” began over a year ago as Americans were feeling the effect of higher inflation at the grocery store.
Food prices increased by 9.9% in 2022, faster than any year since 1979, according to the Economic Research Service with the U.S. Department of Agriculture. That number includes food consumed outside of the home. In-home food increased by 11.4% last year.
The internet isn't reacting favorably to Pilnick's comments, however.
"This fool is making $4 million a year. Do you think he's feeding his kids cereal for dinner?" one TikTok user said in a video response circulating online.
Pilnick's annual income includes a $1 million base salary and over $4 million in incentive compensation, according to a September 2023 SEC filing published by Business Insider.
"And how do you think consumers became under pressure?" TikTok user James Li, said. "It's companies like Kellogg that have used the excuse of inflation in order to price gauge consumers."
And is seems that the company is "enriching its shareholder," Li said.
CPI report:Inflation dipped in January, but not as much as hoped.
'I could get a frozen family lasagna for that!'
Comments under videos responses of the news vary, but many have to do with how expensive Kellogg's cereal brands actually are.
"Cereal is like $5-$8 per box now, he thinks we’re still buying it for breakfast let alone dinner??!? 😂" one user commented, another adding that, "The family sized box is $10. With milk $3. I could get a frozen family lasagna for that!"
"Cereal is almost 9 dollars a box now. I can get a rotisserie chicken, rice and a bag of frozen broccoli for that," wrote another.
In other words, the math isn't mathin, consumers say.
Not all showed distain over Pilnick's remarks though. Some comments under CNBC's video supported the idea.
"That is what we did during difficult times in my childhood," one user wrote. "There is no need to feel offended."
"Well actually he is right and having some Special K for dinner is healthier than McDonalds for dinner," another wrote, "and classic oatmeal without added sugar and some real fruits are even better..."
USA TODAY has reached out to Kellogg for comment.
veryGood! (38128)
Related
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Jury foreperson in New Hampshire youth center abuse trial ‘devastated’ that award could be slashed
- Kentucky Derby fans pack the track for the 150th Run for the Roses
- Former security guard convicted of killing unarmed man during an argument at a Memphis gas station
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- MLS schedule May 4-5: Lionel Messi, Inter Miami vs. New York Red Bulls; odds, how to watch
- 1 dead in Atlanta area apartment fire that forced residents to jump from balconies
- 5 people die from drinking poison potion in Santeria power ritual, Mexican officials say
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Frank Stella, artist renowned for blurring the lines between painting and sculpture, dies at 87
Ranking
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Gypsy Rose Blanchard Responds to NSFW Question About Ken Urker After Rekindling Romance
- Hold onto your Sriracha: Huy Fong Foods halts production. Is another shortage coming?
- Warren Buffett’s company rejects proposals, but it faces lawsuit over how it handled one last year
- Travis Hunter, the 2
- Berkshire’s profit plunges 64% on portfolio holdings as Buffett sells Apple
- Florida women drive 500 miles from Jacksonville to Key West in toy cars to 'save animals'
- Travis Kelce in attendance at 2024 Kentucky Derby at Churchill Downs
Recommendation
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
When is Kentucky Derby? Time, complete field, how to watch the most exciting two minutes in sports
Jackson scores twice as Chelsea routs West Ham 5-0
Shooting suspect dies following police standoff that closed I-80 in Bay Area Friday
Meta releases AI model to enhance Metaverse experience
Former Michigan basketball star guard Darius Morris dies at age 33
With PGA Championship on deck, Brooks Koepka claims fourth career LIV Golf event
Former President Donald Trump shows up for Formula One Miami Grand Prix