In Rare Feat, Kellogg and Mondelez Achieve Actual Growth
- The U.S. food giants had suffered years of revenue declines
- Shares advance after companies post quarterly results
Boxes of Kellogg Co. Rice Krispies, Keebler and Froot Loops brand breakfast cereals are arranged for a photograph in Tiskilwa, Illinois, U.S., on Wednesday, Feb. 8, 2017. Kellogg is scheduled to report earnings on Feb. 9.
Photographer: Daniel Acker/BloombergThis article is for subscribers only.
A weaker dollar is helping two U.S. food giants break out of a prolonged sales slump.
Kellogg Co. and Mondelez International Inc. both rallied on Tuesday after posting their first revenue growth in years, helped by currency tailwinds.