Shares of leftwing cereal maker Kellogg Co. fell by more than 7 percent Wednesday after the company said it expects profits to be flat for the year, a retreat from its earlier projection of 5 to 7 percent growth.
Kellogg’s stock was down as much as 9.6 percent in morning trading but recovered some of the early losses as the broader market moved higher.
The company said its profits were hit by investment in single-serve packages of its snacks like Pringles. The company is spending money in an attempt to grow its snacks as sales of its breakfast cereal products continue to decline.
As Breitbart has reported, Kellogg is effectively controlled by a leftwing foundation:
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2 comments:
wasn't it at kelloggs where they caught an employee urinating in the cereal?
11:13 AM Yes it happened in 2014 and they didn't discover it until 2016 which means the public was unknowingly subjected to it.
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