Kellogg posts higher quarterly sales

Kellogg posts higher quarterly sales

FILE PHOTO: Kellogg's products of U.S. Kellogg Company are offered at a supermarket of Swiss retail group Coop in Zumikon, Switzerland December 13, 2016. REUTERS/Arnd Wiegmann/File Photo
REUTERS: Kellogg Co reported Tuesday higher quarterly sales on increased demand for frozen foods and Kashi snacks, even as sales of cereals and snacks in the United States declined.Kellogg's shares were up nearly 3 percent in pre-market trade.Net income rose to US$297 million, or 85 cents per share, in the third quarter ended Sept. 30, from US$292 million, or 82 cents per share, a year earlier.Net sales rose 0.6 percent to US$3.27 billion following 10 straight quarterly declines, and beat the average analyst estimate of US$3.21 billion, according to Thomson Reuters I/B/E/S.(Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by Bernard Orr)
Source: Reuters
 Source : http://www.channelnewsasia.com/news/business/kellogg-posts-higher-quarterly-sales-9362412