Kellogg (K) Tops Q1 EPS by 10c; rasies guidance
Kellogg (NYSE: K) reported Q1 EPS of $1.10, $0.10 better than the analyst estimate of $1.00. Revenue for the quarter came in at $4.17 billion versus the consensus estimate of $3.96 billion.
The company raised its FY outlook:
- Sees net sales growth 6-7%;
- Sees operating profit growth 8-10%;
- Sees adjusted EPS decline 1-3%, up from the prior expected decline of 2-4%
For earnings history and earnings-related data on Kellogg (K) click here.
