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Kellogg Co. (K) Tops Q4 EPS by 1c; Reaffirms 2013 Outlook

February 5, 2013 8:02 AM EST Send to a Friend
Kellogg Co. (NYSE: K) reported Q4 EPS of $0.67, $0.01 better than the analyst estimate of $0.66. Revenue for the quarter came in at $3.6 billion versus the consensus estimate of $3.44 billion.

Kellogg Co. reaffirmed FY2013 guidance:

The Company reaffirmed its guidance for reported net sales growth, which is expected to increase by approximately seven percent in 2013. Kellogg expects full-year reported operating profit to increase at a rate slightly faster than the rate of earnings-per-share growth. Full-year reported earnings per share are anticipated to grow between five and seven percent. Guidance for both operating profit and earnings per share excludes the impact of mark-to-market adjustments. Cash flow is expected to be in a range between $1.1 billion and $1.2 billion.

Bryant continued, "We've done a lot of work in recent years to set the right foundation: we've invested in the business, we've adjusted our strategy to focus more on growth, and we have acquired the Pringles business. These have been significant changes for us; we're confident that they are the right ones and I remain optimistic regarding our potential in the future.

For earnings history and earnings-related data on Kellogg Co. (K) click here.

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