We achieved strong third-quarter growth in cereal volume in the United States and Latin America and continued double-digit volume growth from convenience foods. |
We now have a strong leadership team and are optimistic about our ability to return to growth for the full year 1999. |
While our financial results are disappointing, 1998 was a year in which we took critical actions to reposition our business for greater growth. In 1999, we have a solid business plan that includes investing in product innovation, accelerating the growth of our convenience foods business, and continuing to reduce costs. |