KELLOGG will trim its global workforce by seven per cent as part of a cost-cutting plan, with the cereal maker citing weaker-than-expected sales for the year.
The maker of Frosted Flakes and Eggo waffles says it expects earnings per share for the year to be towards the lower end of its previous forecast.
The workforce reductions will take place by 2017.
For the quarter, Kellogg Co says it earned $US326 million ($A346 million), or 90 cents per share. Not including one-time items, it earned 95 cents per share, which was above the 89 cents per share Wall Street expected.
A year ago, the company earned $US318 million, or 89 cents per share.
Revenue slipped to $US3.72 billion and was short of the $US3.73 billion analysts expected.
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