Kellogg (K) Boosts Sales, Profit Forecast
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August 4, 2022 8:06 AM EDT
(Reuters) -Kellogg Co raised its full-year forecast for sales and adjusted operating profit on Thursday, banking on higher prices and resilient demand for its breakfast cereals and snacks.
Kellogg, like other global packaged food makers, has been steadily raising product prices over the past year to counter... More
August 4, 2022 8:07 AM EDT
Kellogg (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...
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