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Kellogg’s Co-Packing Costs Cut into Operating Profit
date:Nov 02, 2018
wn 4% from $490 million primarily because of a planned increase in advertising and promotion investment and higher distribution costs, much of it related to growth in new pack formats that are co-packed.

Kellogg reported its third-quarter financial numbers on Oct. 31, the same day its share price closed at $65.48 per share on the New York Stock Exchange, down almost 9% from the closing price of $71.86 on Oct. 30. Steven A. Cahillane, president and chief executive officer of Kellogg, was asked a

12/23 05:32