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Kellogg (K) Tops Q4 EPS by 3c

February 10, 2022 8:05 AM EST

Kellogg (NYSE: K) reported Q4 EPS of $0.83, $0.03 better than the analyst estimate of $0.80. Revenue for the quarter came in at $3.42 billion versus the consensus estimate of $3.39 billion.

2022 Full-Year Financial Guidance:


The Company issued its initial financial guidance for 2022. In spite of continued economy-wide supply challenges, the residual impact of the U.S. cereal labor strike and fire, and further acceleration in cost inflation, the Company is projecting:
•Organic net sales growth of approximately 3%, led by price/mix growth.
•Adjusted operating profit growth of 1-2% on a currency-neutral basis.
•Adjusted earnings per share growth of 1-2% on a currency-neutral basis.
•Net cash provided by operating activities of approximately $1.7-1.8 billion, with capital expenditure of about $0.6 billion. As a result, cash flow is expected to be in the $1.1-1.2 billion range.
Excluded from this guidance, are any significant supply chain or other prolonged market disruptions related to the pandemic or global economy.

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



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