Kellogg -4% after profit warning

• Kellogg (NYSE:K) trails off in early trading after dramatically lowering its profit outlook during the company's earnings conference call.
• Management says it expects EPS growth of 7% to 8% vs. +11% to +13% prior range. A variety of factors including a shift in mix are impacting Kellogg's bottom line.
• Kellogg earnings call slides (.pdf)
• Previously: Kellogg EPS in-line, beats on revenue (Oct. 31)
• Shares of Kellogg are down 3.74% in premarket trading.