Kellogg's: Q3 in line with expectations

(CercleFinance.com) - Kellogg's has reported Q3 adjusted EPS that is up 2.
9% at 1.06 dollar, in line with the consensus, despite adjusted operating profit that is down 4% at 471 million dollars.

The breakfast cereals giant's revenues rose 6.8% to 3.47 billion dollars, and even rose 9.3% excluding FX factors. However, in organic terms, sales were almost flat (+0.4%).

For FY 2018, and at constant exchange rates, Kellogg has reduced its forecast for adjusted EPS growth to between 7% and 8% (vs. 11% to 13% previously), although aims to report sales growth of about 5% (vs. between 4% and 5% previously).



Copyright (c) 2018 CercleFinance.com. All rights reserved.