USA: Kellogg's 2000 EPS increases by 7.3% with strong cash flow
Kellogg Company (NYSE: K) announced today that, excluding charges, its full-year 2000 earnings per share were $1.61, up 7.3 percent from $1.50 in 1999, and its net earnings were $651.9 million, up 7.5 percent from $606.2 million in 1999. Cash flow at $650 million was up 22.9 percent. Net sales at $6.95 billion declined 0.4 percent from $6.98 billion in 1999, but were up 1.1 percent excluding the impact of foreign exchange, acquisitions, and divestitures.
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