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Kellogg posts fourth-quarter loss, hit by higher costs, strong dollar

Reuters  |  CHICAGO 

CHICAGO (Reuters) - Kellogg Co reported a fourth-quarter loss on Thursday as it suffered the effects of a strong dollar and the costs of an ongoing restructuring and preparations for Brexit.Shares of Battle Creek, Michigan-based Kellogg were down 4.3 percent at $56.60 in early trading.The company said in November that it would reorganize its North American division and explore a sale of its cookies and fruit snacks units - which include brands such as Keebler and Stretch Island - as it sharpens focus on its core businesses.Kellogg, like other packaged food companies, has struggled to boost ...

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First Published: Thu, February 07 2019. 20:30 IST