Kellogg beats quarterly sales estimates

Breakfast cereal maker Kellogg Co beat first-quarter sales estimates on Thursday, as the pandemic-driven snacking boom showed no signs of losing steam even as the U.S. economy began to reopen following speedy COVID-19 vaccine rollouts.

Net sales rose to $3.58 billion in the quarter ended April 3, from $3.41 billion, a year earlier. Analysts were expecting sales of $3.38 billion, according to IBES Refinitiv.

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