Kelloggs: raises full-year targets

(CercleFinance.com) - Kelloggs has said that it is raising its full year guidance, now expecting adjusted EPS to increase by around 2% at constant exchange rates (from around a 1% fall previously), with organic sales growth of around 6% (vs.
around 5%).

The agri-food group has reported Q3 adjusted EPS that is down 11.7% at 91 cents, a level that nonetheless exceeds market expectations, while its adjusted operating profit fell by 9.7% to 400 million dollars.

Revenues increased by 1.7% to 3.43 billion dollars, with organic growth of 4.5%, as demand for domestic consumer products was boosted by measures relating to the pandemic.


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