Kellogg’s Co-Packing Costs Cut into Operating Profit
date:Nov 02, 2018
on in adjusted operating profit guidance.

In North America in the third quarter, Kellogg posted net sales of $2,188 million, up 1.1% from $2,163 million. Organic net sales were down modestly because of the list-price adjustment and the rationalization of stock-keeping units related to last years transition out of direct-store delivery in U.S. Snacks.

The impact of our D.S.D. exit was much smaller in Q3 than it has been in recent quarters as we lapped the year ago exit during the quarter, Mr. K
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