Kellogg Corp. said that its 1985 third-quarter...
- Share via
Kellogg Corp. said that its 1985 third-quarter profit, buoyed by strong sales, increased 23% over a year earlier. The breakfast-cereal maker alsosaid revenue for the quarter rose 17.6% over the like 1984 quarter. “Our commitment to marketing and to research and development continued to contribute significantly to these fine results,” said William E. LaMothe, chairman and chief executive. LaMothe also reported that Kellogg’s directors approved a 2-for-1 common stock split, subject to stockholder approval, and a 1986 first-quarter dividend of 25 cents for shares outstanding after the split.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.