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More on Kellogg (K): North America sales up 5.9% Y/Y to $2.4B, led by a bounce back in its...

More on Kellogg (K): North America sales up 5.9% Y/Y to $2.4B, led by a bounce back in its cereal business and strong results in Pop-Tarts. International sales declined 3.8% Y/Y to $1.1B. Reaffirms full-year guidance. Shares +0.1% premarket. (PR)
Comments (2)
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    "...and strong results in Pop-Tarts."

     

    But in a related story, Reuters is reporting that "Mayor Bloomberg announced at a morning press conference that 'we are going to make sure that New Yorkers get a good breakfast, so we are banning Pop Tarts.' In related news, the mayors of Chicago and Boston, in a joint teleconference, reiterated their opposition to Kelloggs as it leaked out that the Kelloggs CEO, John Bryant, has reiterated his support for boys Little League. Mayor Emmanuel stated 'Everyone knows that segregating boys and girls in subversive organizations like the Little League is divisive, not inclusive and not in the best interests of our children.'"

     

    Kelloggs shares are tanking.
    2 Aug 2012, 09:53 AM Reply Like
  • Savlanoot
    , contributor
    Comments (14) | Send Message
     
    Shares of K were up 2.82% at 11:59 a.m. EDT on Aug. 2, so I don't know why anyone thinks K's shares are tanking. Sure, you can buy junk food from K, but you can also get plenty of good cereals and crackers, especially All Bran and Special K ones. K is ready to face future challenges and still plays a solid, steadily growing dividend. I'm long K and eager to add to my position if share prices drop to $46 or lower. K remains a long-term, consistent growth stock.
    2 Aug 2012, 12:05 PM Reply Like
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