Cash-strapped families should eat cereal for dinner to save money, the multi-millionaire chief executive of Kellogg’s has said.
Gary Pilnick sparked fury online after he said the breakfast food was a “much more affordable” evening meal option and was “on trend” as households faced financial pressures from the cost of living crisis.
The WK Kellogg boss, who earned US$5 million ($8.2m) in 2023, made the comments after he was asked about an advertising campaign by the company that urged consumers to “give chicken the night off” and have a bowl of Frosted Flakes, Froot Loops, Corn Flakes or perhaps even Raisin Bran instead.
“The cereal category has always been quite affordable and it tends to be a great destination when consumers are under pressure,” Pilnick said in an interview with CNBC.
He added: “If you think about the cost of cereal for a family versus what they might otherwise do, that’s going to be much more affordable.”