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© Reuters. Kellogg’s chilly cereal merchandise are pictured in a market after Kellogg Firm introduced it might cut up into three unbiased corporations, within the newest U.S. company overhaul aimed toward simplifying its construction and sharpening its deal with the snack busine(Reuters) – Kellogg (NYSE:) Co surpassed market expectations for quarterly gross sales on Thursday as demand for the Corn Flakes maker’s cereals and snacks held sturdy whilst inflation pinched family budgets.
The corporate’s internet gross sales rose 12% to $3.83 billion within the fourth quarter ended Dec. 31. Analysts had anticipated income of $3.66 billion, based mostly on Refinitiv IBES information.
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