"The cereal business that was a very low growth business right before we started making investments clearly before the pandemic came along. So you're always going to operate with fairly tight capacity. And so what happened all the way back to the original surge of the pandemic is our inventories went to zero and in fact the negative, and we've been playing catch up ever since. It's not just Froot Loops, but those same [production] lines run Apple Jacks and Corn Pops and those brands really took off. And so we found ourselves with limited capacity," Kellogg's CEO
Steve Cahillane tells Yahoo Finance.