RBC Capital Raises Price Target on Kellogg (K) to $86 Following In-Line 2Q
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Kellogg Company Reports Second Quarter 2016 Results, Raises Outlook for Comparable Profit Margin*
August 4, 2016 8:01 AM EDTBATTLE CREEK, Mich., Aug. 4, 2016 /PRNewswire/ -- Kellogg Company (NYSE: K) today announced second-quarter 2016 results, and increased its guidance for comparable profit margin for 2016 through 2018.
"We're making good progress on our priorities: We have continued to improve our foods to insure they are on trend; we've continued to expand the Pringles business worldwide; we're enhancing our sales capabilities; and we are designing and executing productivity initiatives that are contributing to more profit-margin expansion than we previously anticipated," said John Bryant, Kellogg Company's chairman and chief executive officer. "We have... More
