Kellogg Company Reports 2022 Second Quarter Results
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Kellogg (K) Boosts Sales, Profit Forecast
August 4, 2022 12:24 PM EDTKellogg (NYSE: K) shares gained in early Thursday trading after the company beat earnings and revenue expectations and boosted guidance.
The food manufacturing company reported earnings of $1.18 per share, beating analyst estimates of $1.04. Revenue for the quarter came in at $3.86 billion versus the consensus estimate of $3.64 billion.
Kellogg has been steadily raising product prices to combat rising costs as inflation... More
Kellogg (K) Tops Q2 EPS by 14c; Raises Outlook
August 4, 2022 8:07 AM EDTKellogg (NYSE: K) reported Q2 EPS of $1.18, $0.14 better than the analyst estimate of $1.04. Revenue for the quarter came in at $3.86 billion versus the consensus estimate of $3.64 billion.
GUIDANCE:
Raises its guidance for organic-basis net sales growth to +7-8%, from its prior guidance of approximately 4%. This reflects better-than-expected growth in the... More