Current:Home > StocksShoppers call out Kellogg CEO's 'cereal for dinner' pitch for struggling families -Ascend Wealth Education
Shoppers call out Kellogg CEO's 'cereal for dinner' pitch for struggling families
Algosensey Quantitative Think Tank Center View
Date:2025-04-08 02:13:41
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! (392)
Related
- Buckingham Palace staff under investigation for 'bar brawl'
- How Trump's victory could affect the US economy
- Meet the 2025 Grammys Best New Artist Nominees
- Investigation into Liam Payne's death prompts 3 arrests, Argentinian authorities say
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Prince William Gets Candid on Brutal Year With Kate Middleton and King Charles' Cancer Diagnoses
- James Van Der Beek Details Hardest Factor Amid Stage 3 Cancer Diagnosis
- Sister Wives' Meri Brown Jokes About Catfishing Scandal While Meeting Christine's Boyfriend
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- New York, several other states won't accept bets on Mike Tyson-Jake Paul fight
Ranking
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- Husband of missing San Antonio mom of 4 Suzanne Simpson charged with murder
- 2025 Grammy nominations live updates: Beyoncé leads the way
- Another Florida college taps a former state lawmaker to be its next president
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Fed lowers key interest rate by quarter point as inflation eases but pace of cuts may slow
- NFL Week 10 picks straight up and against spread: Steelers or Commanders in first-place battle?
- Kyle Hamilton injury updates: Ravens star DB has sprained ankle
Recommendation
Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
Taylor Swift’s Historic 2025 Grammy Nominations Prove She’s Anything But a Tortured Poet
Grammy 2025 snubs: Who didn't get nominated that should have?
2024 Election: Kamala Harris' Stepdaughter Ella Emhoff Breaks Silence on Donald Trump’s Win
Stamford Road collision sends motorcyclist flying; driver arrested
Musk's 'golden ticket': Trump win could hand Tesla billionaire unprecedented power
Liam Payne Death Case: Authorities Rule Out Suicide
Building muscle requires a higher protein intake. But eating too much protein isn't safe.