Kellogg (K) Tops Q1 EPS by 10c; rasies guidance

Kellogg (NYSE: K) reported Q1 EPS of $1.10, $0.10 better than the analyst estimate of $1.00. Revenue for the quarter came in at $4.17 billion versus the consensus estimate of $3.96 billion.

The company raised its FY outlook:

• Sees net sales growth 6-7%;
• Sees operating profit growth 8-10%;
• Sees adjusted EPS decline 1-3%, up from the prior expected decline of 2-4%

For earnings history and earnings-related data on Kellogg (K) click here.

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