date:Aug 06, 2013
US-based food company Kellogg has reported an 8.6% increase in net earnings for the second quarter of 2013 to $352m, compared with $324m for the same period in 2012.
For the quarter ended 29 June net revenues increased 6.1% to $3.71bn, compared with $3.47bn for the same period a year ago.
Kellogg stated that sales growth in the US was affected by more aggressive discounting by competitors as well as new alternatives to cereals including Greek yoghurt, smoothies and breakfast sandwiches.
Kello