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July 31, 2014
10:04 EDTKKellogg sees sales trends improving going into Q4
Says sales environment continues to be very difficult in major developed markets. Says committed to returning business to long-term growth. Says inflation more skewed to earlier in the year. Sees FY tax rate 29%-30%, interest expense $210M-$220M. Says sales trends expected to improve going into Q4. Expects to continue good sales growth in Latin America through the remainder of the year. Comments made on the Q2 earnings conference call.
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