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Kellogg: raises FY guidance again

( - Kellogg has said that it is raising its annual guidance again, now targeting constant currency growth of around 3% for adjusted EPS, 6% for adjusted operating profit and organic revenue growth of around 10%.

The breakfast cereal giant reported a 2.8% decline in constant currency adjusted EPS to $1.06 for the third quarter of 2022 and a 3.7% increase in adjusted operating profit to 466 million dollars.

The company's revenues rose 9% to 3.95 billion dollars (+13.4% in organic terms), driven by positive price and mix effects, as well as the continued rebound of cereals in North America.

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