BRIEF-Kellogg Co- toning down FY outlook outside Venezuela due to snacks sales force transition, product transitions and Europe, Latam market conditions

jueves 5 de mayo de 2016 10:48 GYT
 

May 5 (Reuters) - Kellogg Co

* On conf call - CFO Ron Dissinger to retire, to stay on into 2017 to ensure an orderly ineffective transition

* CEO on conf call - US snacks underwent a major reorganization of sales force changing employees roles, managers zones and customers

* CEO on conf call - we should see improved selling and merchandising effectiveness in US snacks after reorganization

* CFO on conf call - price mix, excluding Venezuela impact, declined by 0.4% largely due to difficult economic environment in Europe

* Toning down FY outlook outside Venezuela due to snacks sales force transition, product transitions and Europe, Latam market conditions

* Exec- "wholesome snacks business continued to decline in Q1... This business remains our biggest challenge in snacks" Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)