Uncertain economic environment also weighs on results.
Believes cereal business will be stronger as independent company.
Findings show a boost in consumer perception.
Seeks to elevate the brand and unlock growth.
Net income soars 49% in the third quarter.
Buyer is a longtime co-manufacturer for product line in United States.
Sales increase 3.6% in the third quarter.
Cuts will take place between December and August 2024.
Transaction was first announced on Sept. 11.
Will no longer be organized by regions.