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Sales in the company's U.S. snacks business — its biggest —fell
1.5 percent, while sales in the U.S. morning foods business,
which includes cereals, fell 2.6 percent.
Sales in both businesses fell for the third straight quarter.
Net income attributable to the company fell to $205 million, or
58 cents per share, in the third quarter ended Oct. 3, from $224
million, or 62 cents per share, a year earlier.
Excluding items, the company earned 85 cents per share.
Net sales fell 8.5 percent to $3.33 billion, the eighth decline
in nine quarters.
Analysts on average had expected earnings of 84 cents per share
on revenue of $3.42 billion, according to Thomson Reuters
I/B/E/S.
Up to Monday's close, Kellogg's shares had risen 8 percent this
year.
(Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by Maju
Samuel)
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