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Kellogg Co. Announces Price Increases
February 7, 2011
1 Min Read
NEW YORKNasdaq.com reported that, in response to increased commodity costs, Kellogg Co. plans to increase its cereal and snack prices this year. The increases, expected to be between 3 and 4 percent, are higher than the 2 to 3 percentage-point increases the company anticipated. In a fourth-quarter earnings conference call, Chief Executive John Bryant said the price increases will come from a combination of raising retail prices, curtailing discounts and introducing new items at higher prices," according to Nasdaq.com.
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