Kellogg Company

1:41 pm
Tue February 5, 2013

Kellogg reports fourth quarter loss because of change in pension accounting

Lead in text: 
Battle Creek based cereal giant says fourth quarter net sales were up more than 18% from last year
Kellogg Co. reported a loss during the fourth quarter of 2012 after changing its accounting method for pensions. The company said it lost $32 million for the quarter. The Battle Creek-based cereal giant reported its full-year operating profit was $1.6 billion, a drop of nearly 6 percent.