Kellogg Co at Consumer Analyst Group of New York Conference Transcript

Feb 19, 2020 / 01:00PM GMT
Andrew Lazar - Barclays Bank PLC, Research Division - MD & Senior Research Analyst

Good morning, everybody, and welcome back for day 2. In keeping with tradition, our first presenter of the day is the Kellogg Company. First off, please join me in thanking Kellogg for sponsoring the wonderful breakfast this morning.

2019 was a year in which organic sales growth accelerated as faster growth acquisitions entered the base and the snacks business continued very strong momentum. The margins were held back by a few factors, including the move to supply the faster growth on the On the Go packs. Most of this now appears to be in the rear view, and we look forward to hearing more detail from CEO, Steve Cahillane, about Kellogg's growth plans for 2020. Steve, thanks for being here. Over to you.

Steven A. Cahillane - Kellogg Company - Chairman, CEO & President

Thanks, Andrew. It is great to be here with you this morning. I hope everybody had the opportunity to enjoy a great Kellogg breakfast.

The highlight for me this morning was as I looked over

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