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Heard on Kellogg's (K +2%) earnings call: 1) For 2012, the company pegs internal net sales...

Heard on Kellogg's (K +2%) earnings call: 1) For 2012, the company pegs internal net sales growth at 2% to 3% and internal operating profit 4% to 6% lower due to the impact of the Mini-Wheats recall and higher commodity costs. 2) Execs say the recall was caused by old equipment that has now been replaced. 3) Pop-Tarts brand isn't done growing despite already holding 84% of the toaster pastries segment. 4) Trends look positive on a Q/Q basis, particularly international sales. (webcast)

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