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Kellogg posts loss on strong dollar, Brexit costs; shares slump

Reuters  |  CHICAGO 

CHICAGO (Reuters) - Kellogg Co reported a fourth-quarter loss on Thursday as it suffered the effects of a strong dollar, the costs of an ongoing restructuring and preparations for Brexit.Shares of Kellogg, which makes Pringles chips, Eggo waffles and Pop-Tarts, as well as breakfast cereals, slumped 6 percent to $55.57. The stock was the biggest loser on the S&P 500 Food Products index.Kellogg, like other packaged food companies, has struggled in recent years with intense pricing pressure from retailers and growing consumer preference for healthier, fresher food. To drive cereal sales, Kellogg ...

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First Published: Thu, February 07 2019. 23:21 IST
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