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News Breaks
February 5, 2013
09:49 EDTKKellogg says expects continued cost inflation in 2013
Sees inflation approximately 5%, but sees cost savings at high end of 3%-4% range. Says inflation to be more front-end loaded, savings more back-end loaded. Says sees FY gross margin down approximately 50bps. Says has started to make changes that will increase margins of Pringles business over time. Says economic conditions remain difficult in Europe, but sees profit there in 2013. Says likely to repurchase shares to the extent of options proceeds to reduce dilution impact. Comments made on the Q4 earnings conference call.
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November 20, 2014
10:37 EDTKOptions with increasing implied volatility
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