Spinoff of North America Cereal Co. remains on schedule for later this year.

Income, revenue both increase in 2022 fiscal year.

Mikesell’s has been around for more than 110 years.

New CEO seeking to grow reach of regional brands.

Grab-and-go snack bags available in two varieties.

Launches gluten-free, baked ‘Puffzels.’

Strategies include price increases and international expansion.

Company investing in advertising, capacity expansion in the year ahead.

Double-digit inflation, rising input prices and supply chain challenges expected to continue.

But sales increase 10% during the quarter.