Kellogg quarterly sales beat market expectations

[October 29, 2019]  (Reuters) - Kellogg Co <K.N> reported quarterly sales above market expectations on Tuesday, as the Corn Flakes cereal maker benefited from higher demand for its snacks such as Pringles, Cheez-It and Pop-Tarts.

 Kellogg's corn flakes products are seen at an outlet of retailer Woolworths in Sandton, South Africa, August 28, 2019. REUTERS/Siphiwe Sibeko

Net income attributable to the company fell to $247 million, or 72 cents per share, in third quarter ended Sept. 28, from $380 million, or $1.09 per share, a year earlier.

Net sales dropped 2.8% to $3.37 billion but beat the average analyst estimate of $3.35 billion, according to IBES data from Refinitiv.

(Reporting by Praveen Paramasivam and Soundarya J in Bengaluru; Editing by Arun Koyyur)

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