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

February 5, 2013 8:02 AM EST
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.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Earnings, Guidance

Related Entities


Add Your Comment