EARNS-KELLOGG GRAND RAPIDS, MICH. (AP) (wgvu) - CEREAL AND SNACK MAKER KELLOGG SAYS
ITS FOURTH-QUARTER PROFIT DIPPED SLIGHTLY FROM THE SAME PERIOD LAST
YEAR.
THE DROP WAS PARTLY DUE TO HIGHER ENERGY AND MATERIALS COSTS AND
MORE INVESTMENT IN ADVERTISING. BUT IT STILL MATCHED WALL STREET'S
EXPECTATIONS.
THE BATTLE CREEK-BASED COMPANY EARNED 176 MILLION DOLLARS FOR
THE QUARTER THAT ENDED DECEMBER 29TH.
REVENUE ROSE 8 PERCENT, TO NEARLY 2.8 BILLION DOLLARS --
BENEFITING PARTLY FROM STRONGER NET SALES BY KELLOGG'S
INTERNATIONAL DIVISION.
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