To put things in perspective, recently General Mills
The food sector has been a mixed bag lately. Kraft Foods
Kellogg's operating profits increased 2% for the quarter on an 11% revenue jump, so certainly increasing commodity prices are cutting into profits. Kellogg is focusing on international sales growth with its recent purchase of China's Zhenghang Foods. Considering the outlook on commodities for the near future, international expansion certainly looks like a good bet to deliver continued snap, crackle, and pop to Kellogg's earnings growth.
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Fool contributor Colleen Paulson does not hold positions in any of the stocks mentioned above and is an admitted Froot Loops fan. The Fool's disclosure policy has snapped and crackled, but never popped.