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Recall hits Kellogg 3Q profits
date:Nov 05, 2012
Kellogg has reported net sales of $3.7 billion, an increase of 12.3%, for its third quarter. Reported operating profit was $479 million, an increase of 3.2%. However, internal operating profit declined by 4.9%. Higher commodity costs, last month's recall, and a high single-digit increase in brand-building investment all had an impact on operating profit. Internal results exclude the effects of foreign currency translation, the results from the recently-acquired Pringles business, integration cos

12/23 11:33