Kellogg Profit Hit By Accounting Change, Cost Cuts And Lower Sales
October 30, 2014 at 08:12 AM EDT
Kellogg Co. said Thursday it had net income of $224 million, or 62 cents a share, in the third quarter, down from $326 million, or 90 cents a share, in the year-earlier period, weighed down by a cost-cutting program, the impact of mark-to-market accounting and lower sales.
