Foodservice business soft in fourth quarter.

CEO cites pressured consumer for softness in confections and snacks.

Shoppers gravitate to store perimeter; branded promotions slow private label.

CEO expects consumer trends to remain soft in near term.

Krispy Kreme restructuring, lowers earnings guidance.

Company taking ‘first to mind, first to find’ approach.
 

Meanwhile, KFC and Pizza Hut face challenges in the United States.

CEO says leading brands “continue to outperform the competition.”

Cereal manufacturer caps off first full year as stand-alone company.

Company does not see conditions improving until the second half of 2025.