Kellogg (K) Tops Q4 EPS by 6c, Sees FY20 Organic Net Sales Up 1.2%

(Updated - February 6, 2020 8:49 AM EST)

Kellogg (NYSE: K) reported Q4 EPS of $0.91, $0.06 better than the analyst estimate of $0.85. Revenue for the quarter came in at $3.22 billion versus the consensus estimate of $3.18 billion.

2020 Full-Year Financial Guidance:

• The Company issued its initial financial guidance for 2020. Specifically, the Company is projecting:
• Organic net sales to increase by +1-2%.
• Adjusted operating profit on a currency-neutral basis is expected to decline (4)%, as the absence of results from divested businesses more than offsets growth in the base business.
• Adjusted earnings per share, on a currency-neutral basis, is expected to decline (3) to (4)%,as the absence of results from divested businesses more than offsets growth in the base business.
• Cash flow is expected to improve to $0.9 to $1.0 billion.

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

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