Corn Flakes maker Kellogg’s quarterly sales fall 6.6%

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