Kellogg's: raises targets for 2023

(CercleFinance.com) - On its quarterly earnings call, Kellogg's has raised its targets for FY 2023, now anticipating adjusted EPS at constant exchange rates to fall by only 1% to 2% (instead of around 1 to 3%).


Likewise, the food group is now forecasting 9%-10% growth in adjusted operating profit at constant exchange rates, and organic sales growth of around 7%.

For Q2, Kellogg's posted EPS that is up 5.1% at $1.24 and operating profit that rose 14.2% to $604m (still adjusted at constant exchange rates), with organic revenues up 7.1% to $4.14bn.


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