date:Apr 23, 2014
013, but Fitch believes longer-term growth from Pringles may not be enough to prevent the need for additional growth acquisitions, the ratings agency noted.
Another ratings driver cited by Fitch was the substantial cost of Project K, a global four-year efficiency and effectiveness program designed to improve Kelloggs long-term growth prospects and cost structure. Kellogg expects total pretax program charges of $1.2 billion to $1.4 billion plus about $300 million incremental capital expenditures