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    Andrew Lazar • Barclays

    Andrew Lazar is a Managing Director and Senior Equity Research Analyst at Barclays, specializing in the food and consumer packaged goods sector. He covers major companies such as Hain Celestial, providing actionable investment recommendations and regularly updating price targets based on company performance and market trends. Lazar has distinguished himself with consistent, data-driven analysis and is recognized for his nuanced insights in a sector known for mergers and operational turnarounds. His career spans decades, with previous experience at established financial institutions before joining Barclays, while maintaining professional registration and securities licenses through FINRA.

    Andrew Lazar's questions to WK Kellogg Co (KLG) leadership

    Andrew Lazar's questions to WK Kellogg Co (KLG) leadership • Q3 2024

    Question

    Inquired about the turnaround plan for the underperforming Special K brand and asked about the supply chain setup and profitability of smaller package sizes.

    Answer

    For Special K, the company is lapping mechanical issues, improving execution, and has launched a new 'Special for a Reason' campaign. They feel better about its prospects for 2025. Regarding smaller packs, the supply chain is well set up to handle them, and the company likes the economics across the Price Pack Architecture (PPA) portfolio.

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    Andrew Lazar's questions to Kellanova (K) leadership

    Andrew Lazar's questions to Kellanova (K) leadership • Q2 2024

    Question

    Andrew Lazar from Barclays asked about the effectiveness of promotional activity, specifically what kind of lift Kellanova is seeing given that promoted price points are still significantly higher than they were pre-pandemic.

    Answer

    Chairman, President and CEO Steven Cahillane acknowledged that promotional lifts were "not great" at the end of last year and the beginning of this year, as consumers were still adjusting to higher list prices. However, he stated that the situation is improving, and "sequentially, week in and week out, the investments that we're making are seeing a better return." This improving return on investment contributes to the company's confidence in its performance for the second half of the year and into 2025.

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