Corn Flakes maker Kellogg’s quarterly sales fall 6.6%

Demand for breakfast foods and snacks declined in second quarter

Photograph: Daniel Acker/Bloomberg
Photograph: Daniel Acker/Bloomberg

Kellogg’s quarterly sales fell 6.6 per cent, the sixth straight quarter of decline, as demand slid for its breakfast foods and snacks.

However, net income attributable to the company rose to $280 million, or 79 cents per share, in the second quarter ended July 2nd from $223 million, or 63 cents per share, a year earlier.

Net sales slumped to $3.27 billion from $3.50 billion.

Reuters

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