Kellogg's

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Recall, weak sales hit Kellogg’s in 2Q

Kellogg Co. reported a lower-than-expected quarterly profit Thursday and cut its full-year forecast, sending its shares down nearly 7 percent, as a big cereal recall and weak sales and pricing took a toll.

The world’s largest cereal maker also said results were pressured by lower Eggo waffle sales, retailers clearing out inventory, promotions from a rival and currency fluctuations. Get the full story »