Kelloggs: raises FY guidance
(CercleFinance.com) - On its quarterly earnings call, breakfast cereal maker Kellogg's has raised its annual guidance to target constant currency growth of around 2% for adjusted EPS, along with 4%-5% growth in adjusted operating profit, and organic sales growth of around 7%-8%.
The reported constant currency adjusted EPS that is up 7.9% at 1.23 dollars for Q2 2022, and adjusted operating profit that is up 9.9% at 546 million dollars.
The company's revenues increased 8.7% to 3.86 billion dollars (+12.2% in organic terms), driven by a faster-than-expected recovery in North American cereals.
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