date:Aug 05, 2014
creased by 1.5% over the same period. Second-quarter 2014 operating profit was down 18.1% to $467 million, driven primarily by costs associated with Project K, the companys four-year efficiency and effectiveness program, and lower sales. Underlying internal operating profit, which excludes the effects of foreign currency translation, acquisitions, dispositions, mark-to-market accounting, integration costs, and costs associated with Project K, decreased by 7.2%. According to Kellogg, the decline