date:Mar 26, 2020
t headwind from lower ice cream net sales in Asia in February.
Segment operating profit of $43 million was down 14 per cent as reported and down 13 per cent in constant currency, driven by higher input costs and the impact of lower contributions from ice cream net sales in Asia in February, partially offset by favourable net price realisation and mix and lower SGA expenses.
Joint venture summary
Third-quarter net sales for Cereal Partners Worldwide (CPW) increased one per cent in constant cu