The proposed legislation would take effect July 1, 2024, if passed.
 

Increased advertising spending and innovation seen as keys to growth.
 

Company plans to expand its presence in the frozen food category.
 

Company is looking to expand in the convenience and club channels and invest in artificial intelligence.
 

Company cites ‘uncertain consumer environment’ for conservative fiscal 2024 outlook.
 

Impairment charge contributed significantly to fiscal 2023 loss.
 

Volume of cereal sold fell 9.8% during the year.
 

Company is guiding a weaker-than-expected second half of the fiscal year.

CEO sees price as being more important than a value message.

Three manufacturing plants included in $182.5 million deal.