Kellogg Co

NYSE:K   12:52:46 PM EDT
70.41
-0.04 (-0.06%)
Positive Earnings Pre-Announcement

Kellogg Company Reports 2022 First Quarter Results

Published: 05/05/2022 12:20 GMT
Kellogg Co (K) - Commpany Reports 2022 First Quarter Results.
Qtrly Reported Net Sales $3,672 Million Versus $3,584 Million.
Qtrly Reported Diluted Earnings per Share $ 1.23.
Qtrly Adjusted Diluted Earnings per Share $ 1.10.
Qtrly Organic Net Sales $3,733 Million Versus $ 3,584 Million.
Kellogg North America’s Reported Net Sales in the First Quarter Declined By Less Than 1%.
Raises Its FY Guidance For Organic-basis Net Sales Growth to Approximately 4%, From Its Prior Guidance of Approximately 3%.
Restoring North America Cereal Inventory Faster Than Anticipated.
Affirms Its FY Guidance for Adjusted-basis Earnings per Share Growth Of 1-2% on a Currency-neutral Basis.
FY Cash Flow Is Still Expected to Be In The $1.1-$1.2 Billion Range.
Q1 Earnings per Share View $0.93, Revenue View $3.59 Billion -- Refinitiv Ibes Data (analyst estimates).
FY2022 Earnings per Share View $4.06, Revenue View $14.41 Billion -- Refinitiv Ibes Data (analyst estimates).
Revenue is expected to be $3.62 Billion
Adjusted EPS is expected to be $1.05

Next Quarter Revenue Guidance is expected to be $3.72 Billion
Next Quarter EPS Guidance is expected to be $1.02

More details on our Analysts Page.