Americans pivot to leftovers, buying less food at stores, Pringles maker says

By Deena Shanker | Bloomberg

Americans have been buying less food at supermarkets amid persistent inflation, and the head of the maker of Pringles chips and Cheez-It snacks thinks he’s figured out a major factor behind the change.

Kellanova Chief Executive Officer Steve Cahillane isn’t seeing “volume destruction,” in which Americans would actually eat significantly less, he said in a call with investors Thursday. Rather, they’re incorporating new behaviors, such as “making sure leftovers...