Kellogg Cereal Sales Still Weak; 1Q Revenue Down

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Kellogg Cereal Sales Still Weak; 1Q Revenue Down

by Wochit 0:46 mins

Kellogg Cereal Sales Still Weak; 1Q Revenue Down

by Wochit 0:46 mins

Kellogg said its first-quarter revenue dropped, as the company continued to face sluggish cereal sales. The maker of Frosted Flakes, Special K, Pop Tarts and Eggo waffles said Thursday that sales for its U.S. breakfast division declined 5.5 percent. For the quarter, Kellogg said revenue fell 3 percent to $3.74 billion. Cost-cutting helped lift net income to $406 million, or $1.12 per share, for the January-March period.

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