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Kellogg’s 1st-quarter profit falls 2 percent on higher costs

April 30th, 2008 by Food News

"We're pleased with our broad-based growth across our business around the world. We executed on every level, growing sales, operating profit and earnings per share despite the impact of higher inflation and a higher tax rate"

Kellogg Co. reported Wednesday that its first-quarter profit dipped 2 percent, despite recent price increases intended to offset higher costs. via Houston Chronicle

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