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Kellogg Profit Beats as Latin America Sales Rise

2015-05-05 23:28:48| Agriculture - Topix.net

Kellogg Co, the world's largest maker of breakfast cereals, reported better-than-expected quarterly profit and sales as demand rose in Latin America. The maker of Corn Flakes and Rice Krispies said on Tuesday that sales in Latin America rose 6 percent to $295 million in the first quarter ended April 4. The company's sales rose across product lines in Asia Pacific and in its Pringles business in Europe, but a strong dollar more than offset the benefit of this rise.

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