Entering 2008 with momentum.
With our success and continued investments in 2007, we enter 2008 with confidence. Commodity and energy prices are projected to remain high and volatile, and competition in the marketplace will likely intensify. The year ahead will no doubt be challenging. However, because our business model works, we are confident in our ability to deliver strong results yet again in 2008. We are confident we will grow net sales, grow operating profit, and continue to reinvest in our business for future growth. In short, while delivering strong growth in 2007, Kellogg people around the world have set the stage for another year of strong performance in 2008.
Finally, we thank our shareowners for valuing our long-term perspective on growth and investment. We are steadfast in our commitment to delivering sustainable, dependable performance in the future.
David Mackay
President
Chief Executive Officer
Jim Jenness
Chairman of the Board
