BATTLE CREEK, Mich., Aug. 1, 2013 (GLOBE NEWSWIRE) -- Kellogg Company (NYSE:K) today announced second quarter 2013 reported net sales of $3.7 billion, an increase of 6.9 percent from the second quarter of 2012. Internal net sales*, which exclude the effects of foreign currency translation, acquisitions, dispositions, and integration costs, decreased by 0.5 percent over the same period. Quarterly operating profit was $570 million, a reported increase of 9.6 percent; underlying internal operating profit* increased by 3.4 percent. The growth in operating profit was achieved despite the continued effect of higher net inflation. Underlying internal results exclude the effects of foreign currency translation, acquisitions, dispositions, mark-to-market accounting, and integration costs.
Kellogg Company Reports Second-Quarter Results And Reaffirms Full-Year Earnings Guidance On A Currency-Neutral Basis
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