date:May 03, 2013
xcluding items including a hit from the devaluation of Venezuela's currency, earnings were $1.02 per share, in line with analysts' average estimate, according to Thomson Reuters I/B/E/S.
Kellogg Chief Executive John Bryant said the one business that was softer than he would like was cookies, where consumption fell 5.5 percent in the quarter.
For Hillshire, sales in its foodservice business declined due to weakness in frozen bakery products.
Consumers continued their retreat from desserts amid