date:Mar 21, 2014
Venture Summary
Combined after-tax earnings from the Cereal Partners Worldwide (CPW) and Haagen-Dazs Japan (HDJ) joint ventures totaled $23 million in the third quarter, up 7 percent. Constant-currency net sales grew 1 percent for CPW and increased 13 percent for HDJ. Through the first nine months of fiscal 2014, combined after-tax earnings from joint ventures totaled $73 million, 6 percent below year-ago results due to unfavorable foreign currency exchange and increased CPW consumer marketing