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published in Blogs
May 02, 2019
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Kellog earnings fall, CFO replaced

Kellog earnings fall, CFO replaced

Kellogg Co is replacing its chief financial officer, and the cereal, breakfast foods and snacks-maker reported a 36.5% decline in first-quarter earnings, citing a strong U.S. dollar and higher costs.

CFO Fareed Khan will be replaced on July 1 by Amit Banati, who heads the company’s Asia Pacific, Africa and Middle East business. In addition to the stronger dollar, quarterly earnings were hit by higher spending on divestitures, transportation and commodities costs. Excluding items, Kellogg’s earnings were $1.01 per share, topping analysts’ estimates of 95 cents, according to IBES data from Refinitiv.

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published General Information

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a company, which engages in the production and distribution of cereals, cookies, crackers and frozen foods

Industry FoodMajorDiversified

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Fundamentals
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Industry
Food Major Diversified
Address
412 N. Wells Street
Phone
+1 269 961-2000
Employees
23000
Web
https://www.kellanova.com
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