Kellogg Company Reports 2018 Second Quarter Results
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Kellogg (K) Tops Q2 EPS by 9c; Raises Sales/EPS Guidance
August 2, 2018 8:03 AM EDT(Updated - August 2, 2018 8:15 AM EDT)
(updated to add guidance)
Kellogg (NYSE: K) reported Q2 EPS of $1.14, $0.09 better than the analyst estimate of $1.05. Revenue for the quarter came in at $3.36 billion versus the consensus estimate of $3.3 billion.
GUIDANCE:
Raising Net Sales growth outlook to +4-5% on a currency-neutral basis. This increase, from previous guidance of +3-4%, primarily reflects stronger-than-expected organic growth in the first half. The new guidance implies full-year organic net sales to be flat to down 1%, which still includes a negative impact of 1%... More