Salty snack makers amplified promotions for value-driven shoppers, CEO says.

New CEO focused on simplifying menu, pricing and app.
 

Five brands in North America negatively impacted the company’s third-quarter performance.
 

CEO Steven Cahillane says company “executing at a high level.” 

Movement follows softer Q3 results.
 

Progress on program contributes to improved margins.

CEO says “temporary cost increase of cocoa will put pressure on our margins.”

US sales down 5%; profit margins tighten.

Disposing Horizon Organic cuts into third-quarter sales companywide.
 

Company cites “good performance” on retail side of tortilla and corn flour businesses.