Cereal and waffles fuel continued strength at Kellogg in quarter

摘要

BATTLE CREEK, MICH. — Second-quarter sales exceeded expectations at Kellogg Co., especially for ready-to-eat cereal and frozen foods, prompting management to raise earnings and sales guidance for the full year. Cereal consumption surged 16% during the quarter, and the company's Eggo brand enjoyed 26% growth.Kellogg's net income in the second quarter ended June 27 was $354 million, equal to $1.02 per share on the common stock, up 21% from $292 million, or 84