Kellogg Company (K) Misses Q1 EPS by 3c; Reaffirms Outlook; Increases FY11 Growth Guidance
Kellogg Company (NYSE: K) reported Q1 EPS of $1.00, $0.03 worse than the analyst estimate of $1.03. Revenue for the quarter came in at $3.49 billion versus the consensus estimate of $3.4 billion.
The Company increased its full-year 2011 internal net sales growth guidance to approximately 4 percent to offset higher input costs and reiterated its 2011 internal operating profit guidance of approximately flat to down two percent year-over-year.
Reaffirms FY11 outlook.
The Company increased its full-year 2011 internal net sales growth guidance to approximately 4 percent to offset higher input costs and reiterated its 2011 internal operating profit guidance of approximately flat to down two percent year-over-year.
Reaffirms FY11 outlook.