Pringles maker Kellogg says profit jumps 23% on virus-led stockpiling

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Net income attributable to the Battle Creek, Michigan-based company was $347 million, or $1.01 per share, for the first quarter ended March 28, compared with $282 million, or 82 cents per share, a year earlier.

Quarterly net sales dropped to $3.41 billion from $3.52 billion last year, hurt by the sale of its Keebler cookie business and some other assets to Nutella maker Ferrero SpA.