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Kellogg’s Co-Packing Costs Cut into Operating Profit
date:Nov 02, 2018
orning Foods, third-quarter sales of $683 million were down 1.3% from $692 million. The June recall of Honey Smacks cereal impacted cereal consumption and share. Third-quarter sales in U.S. Specialty Channels were $285 million, down 1.3% from $288 million.

Also in the third quarter, sales slipped 0.5% to $596 million in Europe and 1.4% to $239 million in Latin America. Sales rose 79% to $446 million in Asia Pacific because of the consolidation of results from Multipro.

Kellogg companywide in t

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