Kellogg Co. Beats Second-quarter Sales Expectations

Kellogg Co. beat sales expectations for its second-quarter results. Kellogg reported earnings of $223 billion, or 63 cents a share, below $295 billion, or 82 cents a share in the year-earlier period. Excluding certain costs, second-quarter earnings were 92 cents a share, in-line with the FactSet consensus of 92 cents. The company reported sales of $3.50 billion, above the FactSet consensus of $3.47 billion. CEO John Bryant said growth from the company's Asian, Latin American and European Snack businesses, as well as "improving trends" in North America led to the sales numbers.