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Quaker sales off

Published on .

Quaker Oats Co., Chicago, said sales for the second quarter were $1.48 billion, down from last year's $1.59 billion, which included $146.8 million from divested businesses. Excluding divested businesses, Quaker said, total company volume was up 3%. Sales in the first half were $2.7 billion, compared to $3.22 billion last year, which included $544.8 million from divested businesses. William D. Smithburg, chairman-president-CEO, cited "strong growth in North American Gatorade and hot cereals, as well as planned operating margin improvements for our food service, Golden Grain, granola bar and international food businesses" for second-quarter increases.

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